September 23, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

How to Sell to a Business

 

Selling a Wildlife Feeders and Accessories Business

There's a right way and a wrong way to sell a wildlife feeders and accessories business these days. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.

You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a wildlife feeders and accessories business.
(article continues below)

Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a wildlife feeders and accessories business.

Laying the Groundwork

A successful wildlife feeders and accessories business sale begins with careful planning. Although you are convinced your business has value in the marketplace, the planning process establishes a framework for communicating its value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a wildlife feeders and accessories 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 wildlife feeders and accessories business opportunity.

Identifying Serious Buyers

Many prospective buyers will have a strong desire to acquire your wildlife feeders and accessories business. The bad news is that they will lack the financial capacity to close the deal. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. If you aren't sure what to look for in a serious buyer, ask your broker for advice. As a rule, they limit the amount of information that is provided in the initial stages of an engagement, waiting to reveal the juiciest details of the business until the prospect has been thoroughly vetted. Smart sellers may require prospects to provide background and financial information fairly early in the process as a way of verifying the financial capacity to close the deal.

Legal Considerations

It's obvious that you're going to need to hire an attorney to finalize the sale of your wildlife feeders and accessories business. A good lawyer serves a variety of functions during the process. In addition to reviewing the letter of intent, sales contract, and other documents, your attorney should be capable of advising you about due diligence and the tax consequences of the sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in wildlife feeders and accessories businesses, you might find these additional resources to be of interest.

Marketing a Wildlife Feeders and Accessories Business

Pre-Exit Employee Incentive Programs

How To Choose An Investment Banker

Entrepreneurial Exit Strategies


Conversation Board

We always appreciate feedback from our readers. If you have any comments, suggestions, or questions about how to sell a wildlife feeders and accessories business, we encourage you to get in touch with us today!


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Do You Plan on Starting a Wildlife Feeders & Accessories Business Soon?

If starting a wildlife feeders and accessories business is on your agenda, these helpul resources may be just what you've been looking for:

How to Start a Wildlife Feeders & Accessories Business

Do You Market Products or Services to Wildlife Feeders & Accessories Businesses?

If you consider wildlife feeders and accessories businesses to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Wildlife Feeders and Accessories Businesses

Mailing Lists for Wildlife Feeders and Accessories Businesses

More Exit Planning Information

If you are eager to get business succession tips for a different industry, please browse our list of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary