February 19, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling a Spools Business

Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet spools businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.

Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
(article continues below)

At Gaebler, we think that's a mistake because with adequate preparation and the right sale strategy, this might be the best time to put your spools business on the market.

After the Sale

As your spools businesssale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. Ideally, these and other post-sale details should be addressed early on. But if you haven't dealt with them yet, it's important to have a frank conversation with the buyer, your broker and other professionals as soon as possible.

Valuation Methods

Professional appraisers can use three methods to determine the value ofa spools business: The income method, the asset method and the market method. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. But regardless of the method that is used, it's always in the seller's best interest to increase revenue and asset values prior to a sale.

Before You Sell

There is a lot of work that needs to be done before you're ready to sell your spools business. The first item on your checklist should be a reality check -- if you plan to sell your business for top dollar in just a few short months, you need to adjust your expectations%However, your first priority should be to set realistic expectations for the selling process and its eventual outcome. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in spools businesses, you might find these additional resources to be of interest.

Family Business Exit Plans

Marketing a Spools Business

Pros and Cons of Using Business Brokers


Conversation Board

Sometimes the best tips on selling a business come from other business owners. If you have any tips or advice on how to sell a spools business, we invite you to submit your comments and suggestions.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Do You Plan on Starting a Spools Business Soon?

If starting a spools business is on your agenda, these helpul resources may be just what you've been looking for:

How to Start a Spools Business

Do You Market Products or Services to Spools Businesses?

If you want information on how to sell to spools businesses, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Spools Businesses

Mailing Lists for Spools Businesses

More Business Sale Guides

If you are looking for exit plan advice for a different kind of business, please browse our list of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary