Profitable Niche Market Exit Plans
Selling an Olives Business
Don't believe anyone who tells you it's easy to sell an olives business. A lot of things need to happen before you can successfully exit your business. Good advice can be hard to come by, so we've put together a few proven suggestions to help you see your sale through to a profitable conclusion.
A business exit is always a trying experience. But when you need to sell your olives business in a depressed economy, the challenges can seem insurmountable.
Although we understand why sellers are hesitant, we're also seeing enough business sales to know that if you want to sell an olives business, you can - even in today's economy. Here's how to do it . . .
Valuation Methods
Multiple valuation methods exist for an olives business. The income method determines value based on the amount of income the business is expected to generate. The asset method, on the other hand, is based on the value of tangible and non-tangible assets (e.g. brands and trademarks). In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
Sale Preparations for Your Olives Business
The outcome of a business sale is largely determined prior to a market listing. Profitable olives business sales opportunities leverage a long-term strategy to increase the value of the business to buyers. Everything you do to increase market share and profitability has a payoff in the final sale price of your olives business. Additionally, you'll need time to compile financials and other information that buyers will expect to receive.
The Best Person to Sell Your Olives Business
An unassisted business sale is a double-edged sword. On the one hand, no one knows your business better than you do. When it comes to earnings potential, asset condition, and other considerations, you are the world's leading expert on your company. But your knowledge and personal insights about the olives business are also the problem. Nearly all sellers have an inflated sense of their company's value. At a minimum, conduct an independent appraisal of the olives business to gain an objective sense of fair market value.
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