Niche Market Exit Planning Tips
Selling a Billiard and Pool Hall
No one said selling your business in a depressed economy would be easy. Although it's going to take some work, there is a good chance you can still sell your company at or even above fair market value.
Business sellers sometimes face a long, hard struggle to get fair market value for their companies. But with the adequate preparation, your billiard and pool hall can attract buyers who recognize its potential.
Undaunted by economic conditions, many billiard and pool hall sellers are achieving their sale goals through deliberate sale strategies.
Tips for Working with A Business Broker
Business brokers are professional business sellers. Brokerage is particularly common in the billiard and pool hall-for-sale market, where aggressive selling strategies are the norm. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
Family Business Sale Tips
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based billiard and pool hall 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.
Economic Considerations
When you sell a billiard and pool hall, there are a number of variables you need to consider. Interest rates, spending, inflation, and other variables directly influence how long your billiard and pool hall will be on the market as well as its sales price. The truth is that perfect market conditions may never materialize. A much better approach is to focus on the factors that always attract buyers and investors. In our experience, the most important factors in the sale of a billiard and pool hall have little to do with the economy.
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