Niche Market Exit Planning Tips
Selling a Bottle Dealers Business
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet bottle dealers businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a bottle dealers business.
Selecting a Broker
A good business broker is your best bet for a fast and profitable business sale. No two bottle dealers business sales are alike. That means you'll want to look for a broker who has been around the block and possesses substantial experience selling businesses in the industry. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling bottle dealers businesses.
Preparing Your Bottle Dealers Business for Sale
The outcome of a business sale is largely determined prior to a market listing. Profitable bottle dealers business listings are the culmination of a preparation process that began months or even years ahead of time. Even though it may take years to adequately position your bottle dealers business, the amount of preparation you perform will have direct correlation on asking and sale prices. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.
Selling a Bottle Dealers Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. A seller-financed deal may be necessary unless the employee has significant assets or investor backing.
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