February 21, 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 Company

 

Selling an Interior Decorators' and Designers' Workrooms Business

You've heard the naysayers - now isn't the time to sell a interior decorators' and designers' workrooms business. But what they don't know is that many entrepreneurs see interior decorators' and designers' workrooms businesses as a smart business investment.

Selling a interior decorators' and designers' workrooms business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
(article continues below)

The good news is that ambitious entrepreneurs continue to see interior decorators' and designers' workrooms businesses as a smart business investment -- and the market is rewarding owners who are willing to invest time and energy in their sale.

The Case for Confidentiality

In the business-for-sale universe, publicity translates into risk. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Successful sales walk a fine line between total confidentiality and aggressive promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.

Hiring an Attorney

There is no way around the requirement to hire professional legal assistance when you sell your interior decorators' and designers' workrooms business. Tackling the legal nuances and tax ramifications of a sale without a first-rate business lawyer is an invitation for disaster. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.

Moving On

What will happen if your interior decorators' and designers' workrooms business is a success? many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. We frequently encounter business sellers who haven't thought enough about their futures to know whether certain concessions (e.g seller financing) are a real possibility. As a result, they make bad decisions during the sale and experience less-than-optimal outcomes.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in interior decorators' and designers' workrooms businesses, you might find these additional resources to be of interest.

Marketing an Interior Decorators' and Designers' Workrooms Business

Role of Location In Selling a Business


Conversation Board

Did you find our tips on how to sell an interior decorators' and designers' workrooms business helpful? Is there anything we missed? Still have questions? If so, we would love to hear your questions, comments and insights.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Do You Plan on Starting an Interior Decorators' & Designers' Workrooms Business Soon?

If you plan on opening an interior decorators' and designers' workrooms business, these helpul resources may be just what you've been looking for:

Opening an Interior Decorators' & Designers' Workrooms Business

Do You Market Products or Services to Interior Decorators' & Designers' Workrooms Businesses?

If you consider interior decorators' and designers' workrooms 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 Interior Decorators' and Designers' Workrooms Businesses

Mailing Lists for Interior Decorators' and Designers' Workrooms Businesses

More Exit Planning Information

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