Exit Planning Advice By Market
Selling an Aircraft Salvage Business
No one said selling your business in a depressed economy would be easy. Although it's going to take some work, there is a good chance you can still sell your company at or even above fair market value.
The decision to sell an aircraft salvage business is never easy. In our experience, a common owner concern is how the sale will affect customers and employees.
However, serious buyers also understand the value of a good aircraft salvage business. So for aircraft salvage business sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
Negotiating Your Sale
As a business seller, you have to be at the top of your negotiating game. In an aircraft salvage business sale, knowledge is power -- the more you know about your business and prospective buyers, the easier it is to sway negotiations in your favor. However, the first step in good negotiating is to develop a sense of what you need to get out of the deal. A thorough understanding of sale price, possible concessions and other bottom line requirements gives you the ability to negotiate with confidence. Consult with a broker, advisor, or negotiation team to clarify your expectations and devise a negotiation strategy.
Finding Prospects
Whether you know it or not, prospective buyers for your aircraft salvage business are all around you. In fact, there is a good chance you already know several individuals or companies that might be interested in buying your business for a decent price. We frequently see qualified buyers emerge from the seller's network of business and personal acquaintances. In other cases, sellers take a proactive approach to finding likely buyers and contacting them directly. Competitors may seem like natural prospects and they are. The downside is that they won't pay top dollar and will probably absorb your company into their own.
Tips for Working with A Business Broker
Brokerage is a mainstay of the business-for-sale marketplace. Brokerage is particularly common in the aircraft salvage business-for-sale market, where aggressive selling strategies are the norm. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
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