May 27, 2020  
 
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 Business

 

Selling an Ear Plugs Business

Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet ear plugs businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.

According to the experts, there is currently a large volume of shadow inventory in the ear plugs business market -- businesses that are waiting to be listed until the economy recovers.
(article continues below)

Despite the conventional wisdom, we believe current economic conditions are right for selling an ear plugs business. We'll tell you what you need to know to achieve a successful sale outcome

Average Preparation Time

Preparing an ear plugs business sale takes time. Since buyers prefer to see evidence of future cash flow, you'll want to to strategically lock in cash flows and increase profits before you list the business. Additionally, prospective buyers usually request documentation that allows them to understand the business's daily workflows and operational strategy. Since all of this takes time and effort, a ear plugs business can rarely be ready for the marketplace in less than six months. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.

Leveraging Seller Concessions

Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. With entrepreneurs struggling to secure capital, you may be the buyer's only source of financing. Other common seller concessions include staying on the mentor the new owner, non-compete clauses, and working as a consultant to mitigate the impact of new ownership.

The Best Person to Sell Your Ear Plugs Business

An unassisted business sale is a double-edged sword. Without a doubt, you have the most at stake in the outcome of your sale. That makes you the most passionate advocate for your ear plugs business in the business-for-sale marketplace. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. So in many cases, the introduction of third-party opinions regarding value and negotiation parameters is a fundamental requirement for a successful ear plugs business sale.

More Exit Planning Articles

We think you may find these additional resources to be of interest.

Marketing an Ear Plugs Business

How To Choose An Investment Banker


Conversation Board

Do you have any more tips on how to sell an ear plugs business? If so, submit your comments and suggestions so other entrepreneurs can learn from your experience.


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 Ear Plugs Business?

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

How to Start an Ear Plugs Business

Do You Market Products or Services to Ear Plugs Businesses?

If you consider ear plugs businesses to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Ear Plugs Businesses

Mailing Lists for Ear Plugs Businesses

More Exit Planning Information

If you are looking for exit plan advice for a different kind of business, please browse our directory of 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