Exit Planning Advice By Market
Selling an Auto Glass Coating and Tinting Business
It's a misconception that no one is buying auto glass coating and tinting businesses these days. Savvy entrepreneurs see auto glass coating and tinting business opportunities as a path to short-term profits and long-term growth. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
With planning and patience, most auto glass coating and tinting businesses can be sold for a fair price in the current business-for-sale marketplace.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to auto glass coating and tinting businesses that exhibit strong financials and potential for future growth.
Laying the Groundwork
Effective auto glass coating and tinting business preparation focuses on communicating value to prospective buyers. A first-rate business broker can give your business an edge by facilitating the preparation process and orienting your presentation toward today's buyers. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium auto glass coating and tinting business opportunity.
How to Choose a Business Broker
First-rate business brokers deliver prospects and profits to their clients. In the auto glass coating and tinting business industry, experience is a must-have characteristic for qualified brokerage. The chemistry you have with your broker is a consideration. If you don't connect with a specific broker, move on to someone else - even if the first broker looks great on paper.
Seller Financing
Capital is hard to come by these days. Financial institutions have tightened up their lending policies, making it difficult for inexperienced and undercapitalized entrepreneurs to buy auto glass coating and tinting businesses. As a result, buyers expect sellers to finance a significant portion of the sale. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Share this article
Additional Resources for Entrepreneurs