Sell a Business Tips
Selling a Skateboard and Inline Skates Sales and Rental Business
A good business is about more than dollars and sense. To make your skateboard and inline skates sales and rental business what it is today, you've had to fully invest yourself in its success. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.
Selling a skateboard and inline skates sales and rental business isn't as simple as listing a power tool on eBay. These days, the business-for-sale market is a hostile place for inexperienced and uninformed sellers.
You'll always have an excuse for not putting your business on the market. Selling a skateboard and inline skates sales and rental business isn't easy, but we believe sellers can achieve their goals in any economic environment.
When Is the Right Time to Sell?
When is it the right time to sell your skateboard and inline skates sales and rental business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling skateboard and inline skates sales and rental business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the skateboard and inline skates sales and rental business marketplace. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Turning the Tables: Buyer Concessions
In a tight economy, seller concessions are the name of the game. But that doesn't mean you can't push for buyer concessions to achieve a more favorable outcome in the sale of your skateboard and inline skates sales and rental business. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. Asset exclusions, retained ownership shares and long-term contracts with another of the seller's companies can also be leveraged to extract concessions from buyers.
In a skateboard and inline skates sales and rental business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Depending on your circumstances, you may also incur substantial expenses in hiring legal, appraisal and accounting professionals. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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