Exit Planning Advice By Market
Selling an Automated Teller Machines Business
A good business is about more than dollars and sense. To make your automated teller machines business what it is today, you've had to fully invest yourself in its success. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.
These days, the prospect of selling an automated teller machines business is so daunting that many would-be sellers are biding their time, waiting for a break in the economic clouds.
But they're also savvy enough to know a good deal when they see it. To sell your automated teller machines business, you'll need to go the extra mile to prove your company has the potential to deliver steady revenue and a solid ROI.
Promoting an automated teller machines business Sale
Successful automated teller machines business sales incorporate comprehensive advertising plans. However, confidentiality and other concerns can present challenges, even for sales professionals. A highly publicized sale creates vulnerabilities that can be exploited by your competitors. The best way to advertise an automated teller machines business is to enlist the assistance of a business broker who is skilled in locating and contacting prospective buyers.
Selling an Automated Teller Machines Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. But in many cases, employees expect to get a deal from their employer based on their years of service to the company. A seller-financed deal may be necessary unless the employee has significant assets or investor backing.
Leveraging Industry Connections
These days, automated teller machines business buyers are an extremely diverse group with backgrounds in and outside of the industry. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. For more targeted lead generation, consider tapping into your network of industry contacts. The downside of industry networks is that it leaves your company vulnerable to exploitation by competitors. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.
Share this article
Additional Resources for Entrepreneurs