June 1, 2020  
 
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Selling a Business

 

Selling an Estate Cleaning Business

It's a misconception that no one is buying estate cleaning businesses these days. Savvy entrepreneurs see estate cleaning 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.

Personal and professional concerns surround the sale of an estate cleaning business. In our experience, a common owner concern is how the sale will affect customers and employees.
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In our opinion, that kind of thinking doesn't make sense. In fact, this might be the perfect time to sell an estate cleaning business. We'll tell you what you need to know to achieve a successful sale outcome

Maximizing Sales Price

There are no simple ways to sell an estate cleaning business. If you don't know what you're doing, your business could languish on the market for months or even years. A business broker handles much of the legwork involved in the sale. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their estate cleaning businesses.

Family Issues

Many sellers embarked on their estate cleaning business sale without adequately considering the impact it will have on their families. In many cases, we find that even though business owners are equipped to handle their ownership exit, their family members are having a hard time letting go of the business, especially if family life has revolved around the demands of the estate cleaning business. The sale of the business will likely result in new family dynamics. The decision to sell an estate cleaning business has to include ample communication and shared decision-making.

Finding Estate Cleaning Business Buyers

Qualified estate cleaning business buyers come from a range of sources and backgrounds. 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.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in estate cleaning businesses, you might find these additional resources to be of interest.

Terms of Investment Banking Agreement

Marketing an Estate Cleaning Business

Entrepreneurial Exit Strategies


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