The economy isn't the only thing that is uncertain these days. So are work gloves wholesale and manufacturers business buyers, many of whom are waiting to pull the trigger on their next acquisition.
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But they're also savvy enough to know a good deal when they see it. Financial statements and ROI are essential in converting modern work gloves wholesale and manufacturers business prospects into buyers.
Working with Accountants
Accountants lay the financial groundwork for a business sale. Before your work gloves wholesale and manufacturers business goes on the market, you should sit down with your accountant to clarify your financial goals and the tax consequences of a sale. A professional audit can ease buyer concerns and amp up the value of your financial presentation. In certain instances, it may be appropriate to ask your accountant to vet the financials of prospective buyers, run credit checks or even structure the terms of a seller-financed deal.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. Not surprisingly, seller financing is routinely requested by today's buyers. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. Other common seller concessions include staying on the mentor the new owner, non-compete clauses, and working as a consultant to mitigate the impact of new ownership.
Timing Your work gloves wholesale and manufacturers business Sale
If you're feeling like your tenure as the owner of the work gloves wholesale and manufacturers business is coming to an end, the time to sell is now. There are a lot of naysayers out there advising work gloves wholesale and manufacturers business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the work gloves wholesale and manufacturers business marketplace. With fewer work gloves wholesale and manufacturers businesses on the market, there are ample opportunities for sellers to capture the attention of qualified buyers.
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