In a down economy, many appliance rental and leasing business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of appliance rental and leasing businesses that are actually for sale.
(article continues below)
There are many factors involved with the decision to sell a business. So if you're waiting for the perfect market conditions to sell your appliance rental and leasing business, you could be waiting a while. If your business is ready to be sold, the time to sell is now. To improve sale outcomes, you will simply need to tailor your appliance rental and leasing business to today's buyers.
The upfront time you investment in the sale of your appliance rental and leasing business will pay big dividends at closing. The first item on your checklist should be a reality check -- if you plan to sell your business for top dollar in just a few short months, you need to adjust your expectations%However, your first priority should be to set realistic expectations for the selling process and its eventual outcome. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.
Tips for Seller Financing
Capital is hard to come by these days. Thanks to more stringent commercial lending requirements, sellers have become de facto lenders, providing the financing buyers need to get their feet in the door. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
An experienced appraiser is part and parcel of a successful appliance rental and leasing business sale. Leading industry appraisers equip sellers with a value gauge that can be accessed during negotiations. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.
We think you may find these additional resources to be of interest.
If starting an appliance rental and leasing business is on your agenda, these helpul resources may be just what you've been looking for:
If you want information on how to sell to appliance rental and leasing businesses, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:
If you are looking for exit plan advice for a different kind of business, try our directory of exit planning guides below.