Niche Market Exit Planning Tips
Selling a Billiard Table Dealers Business
With the economy limping along, many billiard table dealers business owners are hesitant to put their businesses on the market. At Gaebler, we think it's a great time to sell a billiard table dealers business. Here's why . . ..
The economy isn't the only thing that is uncertain these days. So are billiard table dealers business buyers, many of whom are waiting to pull the trigger on their next acquisition.
If you're ready to move on, now is the right time to sell your billiard table dealers business.
Family Business Sale Tips
Selling a business to a family member might sound like the best of both worlds. You get an exit strategy, your billiard table dealers business stays in the family, and everyone is happy. Yeah, right. In fact, selling your billiard table dealers business to a family member can quickly become a no-win proposition. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
How to Increase Sale Price
There are no simple ways to sell a billiard table dealers business. If you don't know what you're doing, your business could languish on the market for months or even years. Many sellers find that hiring a business broker makes the demands of a sale much more tolerable. Seller fatigue is a real concern - if your business sits on the market too long, you will be tempted to sell below your expectations. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their billiard table dealers businesses.
Laying the Groundwork
Effective billiard table dealers business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a billiard table dealers business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium billiard table dealers business opportunity.
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