Sell a Business Tips
Selling a Soccer Business
At first glance, an unstable economy would seem to be an unfriendly atmosphere for a soccer business sale. But in reality, now may be the perfect time to sell a soccer business.
In a down economy, many soccer business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of soccer businesses that are actually for sale.
Love soccer? There's plenty of entrepreneurial opportunity in the world's most popular sport.
Many business owners don't know that soccer businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your soccer business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your soccer business.
When Is the Right Time to Sell?
When is it the right time to sell your soccer business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling soccer business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the soccer business marketplace. With fewer soccer businesses on the market, there are ample opportunities for sellers to capture the attention of qualified buyers.
Signs You're in Over Your Head
Many soccer business are tempted to save brokerage fees by selling their businesses on their own. Although there are exceptions, solo sales typically take longer and are less productive than brokered sales. As a rule, no business should sit on the market for more than six months without attracting the interest of at least a handful of qualified buyers. Lack of buyer enthusiasm or persistence indicates that something is wrong. Hire a broker and conduct a professional appraisal ASAP.
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