Sell a Business Tips
Selling a Swimming Pool Cover and Enclosure Dealers Business
Market shifts affect business values and the swimming pool cover and enclosure dealers business industry has seen more than its share of fluctuations in business values. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling a swimming pool cover and enclosure dealers business whem market conditions threaten a successful business sale.
Intimidated by a sluggish economy, business buyers are more cautious than ever.
Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your swimming pool cover and enclosure dealers business.
Many sellers embarked on their swimming pool cover and enclosure dealers business sale without adequately considering the impact it will have on their families. Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. To keep the family intact, the sale of a swimming pool cover and enclosure dealers business has to include ample communication and shared decision-making.
Advantages of Hiring a Broker
There are many reasons why hiring a broker makes sense in swimming pool cover and enclosure dealers business sales. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
Seller concessions sweeten the deal for buyers and are a necessary fixture in a sluggish economy. Although a lower asking price is the ultimate seller concession, a price reduction isn't the only way to attract serious buyers. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. If you aren't familiar with typical swimming pool cover and enclosure dealers business concessions, consult with a professional to learn how you can build incentives into your deal.
Share this article
Additional Resources for Entrepreneurs