Niche Market Exit Planning Tips
Selling a Boathouses, Lifts, and Hoists Business
Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your boathouses, lifts, and hoists business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
If you plan on selling your boathouses, lifts, and hoists business quickly, prepare to be disappointed.
Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your boathouses, lifts, and hoists business.
Realistic Expectations
Objectivity is a rare commodity in a business sale. Sellers typically overvalue their companies compared to the rest of the marketplace. It is difficult for many owners to accept the cold, hard facts about their company's worth, but objectivity is the name of the game in a successful boathouses, lifts, and hoists business sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Tips for Seller Financing
Business buyers are in a capital crunch. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized boathouses, lifts, and hoists business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Broker vs. No Broker
When selling a boathouses, lifts, and hoists 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 boathouses, lifts, and hoists business much less painful. If you're on the fence, do your research before you make a final decision. BizBuySell.com and other websites offer detailed information about brokers and the process of performing a brokered boathouses, lifts, and hoists business sale.
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