Selling a Business Advice
Selling an Internet Management and Maintenance Business
Nervous about selling your internet management and maintenance business? You shouldn't be. Our tips will help you get the highest price for your internet management and maintenance business, regardless of what's happening with the economy.
The economy isn't the only thing that is uncertain these days. So are internet management and maintenance business buyers, many of whom are waiting to pull the trigger on their next acquisition.
Eventually, it will the time will come to exit your business. And when that day arrives, you need to know how to sell your internet management and maintenance business in a way that achieves positive outcomes for you and the business.
Equipment and Inventory Concerns
Buyers typically perform an independent appraisal of your internet management and maintenance business's physical assets. But you'll need to commission your own appraisal before you put your internet management and maintenance business on the market to arm yourself with information for the negotiation phase. Without an accurate assessment of asset values it's impossible to intelligently negotiate on price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your internet management and maintenance business.
Timing the Market
Now may be the best time to sell an internet management and maintenance business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on internet management and maintenance businesses. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
Working with a Professional Accountant
Accountants lay the financial groundwork for a business sale. Before your internet management and maintenance business goes on the market, you should sit down with your accountant to clarify your financial goals and the tax consequences of a sale. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. 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.
Have Friends Who Might Like This Article?
Let them know on LinkedIn
Ready to Learn More? We Think You Might Like These Articles:
Additional Resources for Entrepreneurs