Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
(article continues below)
But sooner or later, all good things must come to an end. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your auditory training equipment business.
Timing the Market
Timing is everything when it comes to selling an auditory training equipment business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on auditory training equipment businesses. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
Turning the Tables: Buyer Concessions
Sellers aren't the only ones who can make concessions in a business sale. In many instances, sellers can request buyer concessions. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. Asset exclusions, retained ownership shares and long-term contracts with another of the seller's companies can also be leveraged to extract concessions from buyers.
Selecting a Broker
Good business brokers inevitably produce better business sales. In the auditory training equipment business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling auditory training equipment businesses.
We think you may find these additional resources to be of interest.
If starting an auditory training equipment business is on your agenda, these helpul resources may be just what you've been looking for:
If you consider auditory training equipment businesses to be sales prospects, there's more applicable information for you elsewhere on our site. Try these useful resources instead:
If you are looking for exit plan advice for a different kind of business, please browse our directory of exit planning guides below.