Advice on Niche Market Exit Planning
Selling a Thermostats Wholesale and Manufacturers Business
There's a right way and a wrong way to sell a thermostats wholesale and manufacturers business in today's economy. We'll tell you how to keep your sale and your future plans on track.
It's a fact: Successful business sales take time.
The economy hasn't squashed the market for thermostats wholesale and manufacturers businesses. Not surprisingly, buyers expect to receive value for their dollars - and that means sellers need to demonstrate that their businesses are capable of delivering anticipated returns.
Broker vs. No Broker
When selling a thermostats wholesale and manufacturers business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your thermostats wholesale and manufacturers business much less painful. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your thermostats wholesale and manufacturers business on BizBuySell.com and other popular online business-for-sale listing sites.
Laying the Groundwork
Effective thermostats wholesale and manufacturers business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a thermostats wholesale and manufacturers business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium thermostats wholesale and manufacturers business opportunity.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Traditional lenders and investors are gun shy - and that makes sellers a logical funding source for many buyers. Other common seller concessions include staying on the mentor the new owner, non-compete clauses, and working as a consultant to mitigate the impact of new ownership.
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