Sell a Business Tips
Selling a Stencils and Stenciling Supplies Business
We hear from a lot of business owners who are timid about listing their stencils and stenciling supplies business. Despite the mood of the market, we think there are still opportunities to receive a good price for your stencils and stenciling supplies business. Here's what you need to know . . .
Cutting corners never pays off, especially in the sale of a stencils and stenciling supplies business.
You'll always have an excuse for not putting your business on the market. Selling a stencils and stenciling supplies business isn't easy, but we believe sellers can achieve their goals in any economic environment.
For most owners, the hardest part of selling a stencils and stenciling supplies business is remaining objective. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. In our experience, the most successful sales are ones in which the seller has made an intentional effort to remain objective and set realistic expectations. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
How to Work with Business Brokers
Business brokers are professional business sellers. Brokerage is particularly common in the stencils and stenciling supplies business-for-sale market, where aggressive selling strategies are the norm. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
Selling a Stencils & Stenciling Supplies Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based stencils and stenciling supplies business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
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