Niche Exit Planning Tactics
Selling a Wholesale Wallpaper and Wallcovering Business
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet wholesale wallpaper and wallcovering businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
It's a fact: Successful business sales take time.
Most wholesale wallpaper and wallcovering businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Laying the Groundwork
Effective wholesale wallpaper and wallcovering business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a wholesale wallpaper and wallcovering 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 wholesale wallpaper and wallcovering business opportunity.
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized wholesale wallpaper and wallcovering 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.
How Much Does It Cost to Sell a wholesale wallpaper and wallcovering business?
In a wholesale wallpaper and wallcovering business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Depending on your circumstances, you may also incur substantial expenses in hiring legal, appraisal and accounting professionals. If you need to compensate employees to assist with the sale, their services should also be considered.
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