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

 

How to Sell to a Business

 

Selling an Excavating and Ditching Equipment Business

Unfortunately, many sellers are waiting to list their excavating and ditching equipment businesses until the economy fully rebounds. We think that's a mistake because for the right buyers, excavating and ditching equipment businesses are a great investment.

You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling an excavating and ditching equipment business.
(article continues below)

Eventually, it will the time will come to exit your business. And when that day arrives, you need to know how to sell your excavating and ditching equipment business in a way that achieves positive outcomes for you and the business.

When Is the Right Time to Sell?

When is it the right time to sell your excavating and ditching equipment business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling excavating and ditching equipment business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the excavating and ditching equipment business marketplace. The inventory of what we consider to be quality excavating and ditching equipment businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.

Pros & Cons of a Sale to an Employee

Employee sales have pros and cons. A key employee may seem like a natural sales prospect. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based excavating and ditching equipment business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.

Working with a Professional Accountant

Accountants lay the financial groundwork for a business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. You may also want your accountant to assist in the preparation of professional financials to present to serious buyers. In certain instances, it may be appropriate to ask your accountant to vet the financials of prospective buyers, run credit checks or even structure the terms of a seller-financed deal.

More Exit Planning Articles

Given your interest in exit planning and in excavating and ditching equipment businesses, you might find these additional resources to be of interest.

Family Business Exit Plans

Marketing an Excavating and Ditching Equipment Business

Terms of Investment Banking Agreement


Conversation Board

Interested in learning more about how to sell an excavating and ditching equipment business? We invite you to send us your questions and feedback!


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 Excavating & Ditching Equipment Business?

If starting an excavating and ditching equipment business is on your agenda, these helpul resources may be just what you've been looking for:

Opening an Excavating & Ditching Equipment Business

Looking for Excavating & Ditching Equipment Business Customers?

If you want information on how to sell to excavating and ditching equipment businesses, this isn't the best resource for you on our site. Try these useful resources instead:

Selling to Excavating and Ditching Equipment Businesses

Mailing Lists for Excavating and Ditching Equipment Businesses

More Business Sale Guides

If you are eager to get business succession tips for a different industry, 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