Profitable Niche Market Exit Plans
Selling an Oxygen Equipment Rental Business
Many business leaders say that now isn't the time to try to sell an oxygen equipment rental business. But in reality, now may be the perfect time to sell an oxygen equipment rental business.
You need to get a good price for your oxygen equipment rental business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Success is a factor of preparation, execution and a keen eye for the market. As a business seller, you need to go into the process with the mental goal of presenting your business in the best possible light.
Selling to a Family Member
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based oxygen equipment rental business sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. The best advice: if a family sale is a possibility, it needs to be handled objectively, with ample input from third-party advisors.
Signs You're in Over Your Head
Many oxygen equipment rental business are tempted to save brokerage fees by selling their businesses on their own. Without brokerage, the risk of your sale going off-course is increased. If you decide to go solo and your business has been on the market for more than six months without a single buyer inquiry, it's time to hire a professional business broker. Lack of buyer enthusiasm or persistence indicates that something is wrong. The remedy is professional brokerage or a consultation with more experienced sellers.
What to Expect in an Oxygen Equipment Rental Business Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your oxygen equipment rental business. The emotions of a sale are complicated by the fact that it may take time to locate the right buyer and the final sale price may be less than you think your oxygen equipment rental business is worth. Accurate expectations, a solid strategy and a strong support system can be valuable resources for coping with the personal impact of the sale.
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