January 18, 2021  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling an Art Reproductions Business

You've learned a lot during your tenure as an art reproductions business owner. The next step is to position your business for the demands of the business-for-sale marketplace.

Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell an art reproductions business in today's market.
(article continues below)

The business-for-sale market is extremely dynamic. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a art reproductions business sale. To improve sale outcomes, you will simply need to tailor your art reproductions business to today's buyers.

Finding Prospects

Whether you know it or not, prospective buyers for your art reproductions 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. Although some art reproductions business sellers advertise their businesses in general classifieds, the most successful sales are those in which professional brokers seek out likely buyers. 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

Many sellers employ business brokers to manage the details and direction of their sale. It's typical for art reproductions business to rely on brokers to reduce market time and increase the final sales price. However, your broker will still expect you to materially participate in the sale of your business. Establish clear lines of communication with your broker and respond quickly to requests from prospective buyers. You should also assist your broker in listing your art reproductions business on BizBuySell.com and other online business-for-sale sites.

Negotiation 101

As a business seller, you have to be at the top of your negotiating game. More often than not, the person with the most knowledge will come out on top in an art reproductions business negotiation. But great negotiation begins with knowing yourself. What is the realistic price range for your art reproductions business? What is the minimum amount you're willing to settle on? Are you willing to offer seller financing or other concessions to close the deal? If you can't answer these questions, you're simply not ready to sit down at the negotiation table yet. If you aren't sure what you need, put negotiations on hold until you gain a clearer understanding of your own deal parameters.

More Exit Planning Articles

Given your interest in exit planning and in art reproductions businesses, you might find these additional resources to be of interest.

Marketing an Art Reproductions Business

Entrepreneurial Exit Strategies

Role of Location In Selling a Business

How to Sell a Business


Conversation Board

Sometimes the best tips on selling a business come from other business owners. If you have any tips or advice on how to sell an art reproductions business, we invite you to submit your comments and suggestions.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Hoping to Open an Art Reproductions Business?

If you plan on opening an art reproductions business, these helpul resources may be just what you've been looking for:

Starting an Art Reproductions Business

Do You Market Products or Services to Art Reproductions Businesses?

If you want information on how to sell to art reproductions businesses, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:

Selling to Art Reproductions Businesses

Mailing Lists for Art Reproductions Businesses

More Business Transfer Information

If you are looking for exit plan advice for a different kind of business, please browse our alphabetical list exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary