February 27, 2020  
 
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Selling a Company

 

Selling a Video and DVDs Store

We hear it all the time: "This economy is a hostile environment for a business sale." However, video and DVD stores continue to sell at a brisk pace, regardless of the economy.

It's a fact: Successful business sales take time.
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You'll always have an excuse for not putting your business on the market. Any video and DVD store can be sold at any time -- you just need to know how to influence the right buyers.

Buyer Identification

Qualified video and DVD store buyers come from a range of sources and backgrounds. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.

Working with Appraisers

An experienced appraiser is part and parcel of a successful video and DVD store sale. Armed with a professional appraisal, both you and your broker can enter the negotiation stage with confidence. Following the appraisal, you may choose to delay your sale until you can increase the value of assets and revenue.

Economic Considerations

When you sell a video and DVD store, there are a number of variables you need to consider. Interest rates, spending, inflation, and other variables directly influence how long your video and DVD store will be on the market as well as its sales price. The truth is that perfect market conditions may never materialize. A much better approach is to focus on the factors that always attract buyers and investors. When it comes to selling a video and DVD store, successful sales sales often boil down to the business itself - not the economy.

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Conversation Board

Sometimes the best tips on selling a business come from other business owners. If you have any tips or advice on how to sell a video and DVD store, we invite you to submit your comments and suggestions.


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