Niche Exit Planning Tactics
Selling a Women's Clothing Retail Large Sizes Business
Many business leaders say that now isn't the time to try to sell a women's clothing retail large sizes business. At Gaebler, we think it's a great time to sell a women's clothing retail large sizes business. Here's why . . ..
You won't find any magic formulas for selling a women's clothing retail large sizes business, especially while the market is struggling to overcome the perceptions created by a down economy.
If you're ready to move on, now is the right time to sell your women's clothing retail large sizes business.
Emotions run high during the sale of a women's clothing retail large sizes business. You have invested yourself in making your women's clothing retail large sizes business the success it is today, but in the eyes of prospective buyers, your operation is only worth fair market value. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Working with a Professional Accountant
Accountants lay the financial groundwork for a business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Finding Women's Clothing Retail Large Sizes Business Buyers
It's difficult to predict where the buyer of your women's clothing retail large sizes business will come from. To cover all your bases, you'll need to conduct a broad buyer search process. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Networking is another useful tool in locating buyers. It might surprise you to learn how many women's clothing retail large sizes business buyers emerge from conversations with peer groups, vendors, and business associations. In some cases, leads obtained through networking are preferred because they come with personal recommendations.
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