January 18, 2021  
 
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 Oil Refinery Business

For the right sellers, the business-for-sale marketplace is a friendly environment for oil refinery business opportunities. Although final sales prices vary, the best sales combine strategy and hard work to achieve desired outcomes.

Waiting for better economic times to sell your company? That's a common anthem in the small business community.
(article continues below)

Does that mean selling your oil refinery business will be a piece of cake? No -- but you might be surprised to learn that the oil refinery businesses that are selling these days are finding success though simple, common sense selling strategies.

Timing the Market

Now may be the best time to sell an oil refinery business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on oil refinery businesses. When the economy recovers there will be more oil refinery business buyers on the market, but higher interest rates could present challenges. 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.

Advantages of Hiring a Broker

A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. Second, a good business broker is a master at confidentiality locating oil refinery business sale prospects and guiding sellers through negotiations. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.

When to End Negotiations

Negotiations have a way of dragging on forever. But sooner or later, someone needs to bring negotiations to a close. Unfortunately, that responsibility often falls on the seller. In an oil refinery business sale, a stalled negotiation can be an indication that the deal is dead. At this point in the process, an awareness of negotiation parameters really pays off. If the buyer is unwilling to accept your minimum demands, it's time to end negotiations and move on to the next prospect.

More Info on Business Transitions and Related Articles

Ready to learn more? You may find these additional resources to be of interest.

Marketing an Oil Refinery Business

How to Sell a Business


Conversation Board

Do you have any more tips on how to sell an oil refinery business? If so, submit your comments and suggestions so other entrepreneurs can learn from your experience.


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 Oil Refinery Business?

If starting an oil refinery business is on your agenda, these helpul resources may be just what you've been looking for:

Starting an Oil Refineries Business

Do You Market Products or Services to Oil Refinery Businesses?

If you consider oil refinery businesses to be sales prospects, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:

Selling to Oil Refinery Businesses

Mailing Lists for Oil Refinery Businesses

More Business Transfer Information

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