Niche Market Exit Planning Tips
Selling a Bath Scales Business
There is a lot of confusion about the best way to sell a bath scales business in today's economy. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.
The business-for-sale market is just as frustrating for buyers as it is for sellers these days. There are lots of buyers who want to own a bath scales business, but have limited capital to get their foot in the door.
Although we understand why sellers are hesitant, we're also seeing enough business sales to know that if you want to sell a bath scales business, you can - even in today's economy. We'll tell you what you need to know to achieve a successful sale outcome
Selling a Bath Scales Business to an Employee
Although it may seem easier to sell your bath scales business to an employee, this approach also has some pitfalls. A faithful employee may have the motivation and ability to continue to operate the business. Since the worker already knows the ins and outs of the business, due diligence should be a breeze, not to mention the fact that you won't have to wait months or years for the right buyer to emerge on the open marketplace. Yet most employees lack the means to buy their employer's business at or near the asking price. Most of the time, employees also expect owners to finance a large portion of the sale. So if you aren't willing to finance the sale or need to get top dollar for your bath scales business, a sale to an employee is probably not a possibility.
What to Expect in a Bath Scales Business Sale
Prepare yourself to feel a broad range of emotions when you sell a bath scales business. From hopefulness to remorse, it's all part of exiting of your company. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Although it isn't easy, you can mitigate the emotional impact of a bath scales business sale by setting realistic expectations before you list your business.
Should I Hire a Business Broker?
When selling a bath scales business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your bath scales business much less painful. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your bath scales business on BizBuySell.com and other popular online business-for-sale listing sites.
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