July 9, 2020  
 
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Selling a Company

 

Selling a Valet Parking Service

Planning and execution can dramatically influence the price you receive for your valet parking service.

Business buyers face their own set of frustrations and complications. Although there are plenty of entrepreneurs who want to buy a valet parking service, capital restrictions are holding them back.
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Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a valet parking service.

Equipment and Inventory Concerns

Buyers typically perform an independent appraisal of your valet parking service's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your valet parking service.

How to Choose a Business Broker

Good business brokers inevitably produce better business sales. In the valet parking service industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling valet parking services.

Advertising Your Sale

The best valet parking service sales listings are intentionally promoted to the right prospects. But if you think advertising your valet parking service will be the same as running a product promotion, think again. Multiple factors complicate business-for-sale advertising, not the least of which is the fact that you don't want your competition to know that your company is on the market. The knowledge that your business is being sold almost always converts into negative PR with your customers and vendors. Business brokers are skilled at publicizing valet parking service sales while maintaining the confidentiality that is critical to your business.

More Exit Planning Articles

Given your interest in exit planning and in valet parking services, you might find these additional resources to be of interest.

Marketing a Valet Parking Service

Selling to Competitors


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