Selling a Company Advice
Selling a Used Fur Dealers Business
Market perceptions play a role in your ability to sell a used fur dealers business. Yet great values are always received well in the business-for-sale marketplace. All it takes is a strategy to identify solid prospects and convert them to buyers.
You won't find any magic formulas for selling a used fur dealers business, especially while the market is struggling to overcome the perceptions created by a down economy.
The economy hasn't squashed the market for used fur dealers businesses. And the ones that are commanding the highest price tags are the ones with sellers who are committed to the sale process.
The shortage in today's marketplace isn't interested buyers -- it's capital. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized used fur dealers business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Before You Sell
There is a lot of work that needs to be done before you're ready to sell your used fur dealers business. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.
Benefits of Third-Party Assistance
Rarely, if ever, do owners sell a used fur dealers business without outside assistance. Brokers can be an important resource for your sale, especially if you are unfamiliar with the business-for-sale marketplace. Additionally, you may want to hire professionals for legal, valuation and other functions before you put your business on the market. The early recruitment of external resources reduces your risk and results in a more predictable final outcome.
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