How to Sell a Niche Market Business
Selling an Energy Consultants Business
With the economy struggling to rebound, the shadow inventory of energy consultants businesses in the business-for-sale marketplace seems to be rising. That could make this the perfect time to list a successful energy consultants business
When the economy recovers, we expect to see a sudden influx of energy consultants businesses in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
The economy hasn't squashed the market for energy consultants businesses. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.
It's difficult to predict where the buyer of your energy consultants business will come from. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
When the Sale Goes Off-Course
Many energy consultants business are tempted to save brokerage fees by selling their businesses on their own. But for every successful unassisted sale, several other energy consultants businesses sell below market value or languish on the market for years without attracting the interest of qualified buyers. If you decide to go solo and your business has been on the market for more than six months without a single buyer inquiry, it's time to hire a professional business broker. Likewise, if buyers seem to express interest but quickly exit when you quote the asking price, it's a sign that your energy consultants business is priced out of the market. The remedy is professional brokerage or a consultation with more experienced sellers.
Setting the Stage
Effective energy consultants business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate an energy consultants business to the marketplace. At a minimum, you'll want to position your business to receive the highest possible sale price, prepare a packet for prospective buyers and perform an initial appraisal before you put your energy consultants business on the market.
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