Sell a Business Tips
Selling a Steamship Companies Business
Many business leaders say that now isn't the time to try to sell a steamship companies business. At Gaebler, we think it's a great time to sell a steamship companies business. Here's why . . ..
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
You'll always have an excuse for not putting your business on the market. Selling a steamship companies business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Broker vs. No Broker
When selling a steamship companies business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Business brokers typically charge a 10% "success fee" when they sell a business, but they also handle many of the hassles that are associated with selling a steamship companies business. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
When Is the Right Time to Sell?
When is it the right time to sell your steamship companies business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling steamship companies business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the steamship companies 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.
Today's steamship companies business buyers expect sellers to offer concessions to persuade them to close the deal. Concessions can consist of non-cash as well as cash incentives. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. A limited amount of training and mentoring may seem inconsequential to you, but to a young steamship companies business owner, they can be critical launching points for their ownership journey.
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