Sell a Business Tips
Selling a Sporting Goods Service and Repair Business
Selling a sporting goods service and repair business doesn't happen overnight. It takes a deliberate process to get top dollar for your company.
With planning and patience, most sporting goods service and repair businesses can be sold for a fair price in the current business-for-sale marketplace.
If your exit strategy involves selling a sporting goods service and repair business these days, sellers need to make a strong case for buyers to purchase at or near the asking price.
Business Valuation
Multiple valuation methods exist for a sporting goods service and repair business. 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. Using recent sporting goods service and repair business sales as its foundation, the market method factors market conditions into the valuation process. 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.
Maximizing Sales Price
There are no simple ways to sell a sporting goods service and repair business. If you don't know what you're doing, your business could languish on the market for months or even years. A business broker handles much of the legwork involved in the sale. Seller fatigue is a real concern - if your business sits on the market too long, you will be tempted to sell below your expectations. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their sporting goods service and repair businesses.
Factoring In Economic Variables
When you sell a sporting goods service and repair business, there are a number of variables you need to consider. Many would-be sellers are laser-focused on economic indicators, anxiously awaiting the perfect time to list their companies. The truth is that perfect market conditions may never materialize. A much better approach is to focus on the factors that always attract buyers and investors. One thing is for sure - buyers are paying more attention to your company's profitability and growth potential than they are to the latest quarterly economic indicators.
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