You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling an amusement and theme park.
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If you're ready to move on, now is the right time to sell your amusement and theme park.
Professional appraisers can use three methods to determine the value ofan amusement and theme park: The income method, the asset method and the market method. Appraisals based on the asset method gauge value as a factor of the company's real property and non-tangible assets; appraisals based on the income method consider the business's anticipated revenue. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
Are You the Right Person to Sell Your Business?
As the owner, you are both the best and worst person to sell your amusement and theme park. Without a doubt, you have the most at stake in the outcome of your sale. That makes you the most passionate advocate for your amusement and theme park in the business-for-sale marketplace. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. At a minimum, conduct an independent appraisal of the amusement and theme park to gain an objective sense of fair market value.
Objectivity is a rare commodity in a business sale. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. It is difficult for many owners to accept the cold, hard facts about their company's worth, but objectivity is the name of the game in a successful amusement and theme park sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Given your interest in exit planning and in amusement and theme parks, you might find these additional resources to be of interest.
If you plan on opening an amusement and theme park, these guides will help you get started:
If you consider amusement and theme parks to be sales prospects, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:
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