Profitable Niche Market Exit Plans
Selling an Oil Operators Business
With the economy limping along, many oil operators business owners are hesitant to put their businesses on the market. At Gaebler, we think it's a great time to sell an oil operators business. Here's why . . ..
In any economy, there is a right way and a wrong way to sell a business.
You'll always have an excuse for not putting your business on the market. Selling a oil operators business isn't easy, but we believe sellers can achieve their goals in any economic environment.
In an oil operators business sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. Never sign a Letter of Intent until it has been properly reviewed by your attorney and you are in complete agreement with everything it contains.
When Is the Right Time to Sell?
Most business owners know when it's time to exit their company. Some experts are telling oil operators business sellers to put their plans on hold until the economy fully rebounds. At Gaebler, we have a much more optimistic view of your chances in the oil operators business-for-sale market. The inventory of what we consider to be quality oil operators businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Why Confidentiality Matters
Highly publicized oil operators business sales are risky oil operators businesssales. 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. But if word leaks out to the wrong people, your competitors can use that information to steal business and damage your credibility. Maintaining confidentiality isn't easy, but without it you won't get top dollar for your business. In a worse case scenario, a profitable oil operators business can be reduced to one that is struggling to survive. If confidentiality is important to you (and it should be), your best bet is to consult with a professional business broker about maintaining a confidential oil operators business sale.
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