Niche Market Exit Planning Tips
Selling a Bras and Girdles Wholesale and Manufacturers Business
No one said selling your business in a depressed economy would be easy. Fortunately, a bras and girdles wholesale and manufacturers business sale isn't as scary as it seems.
Today's bras and girdles wholesale and manufacturers business buyers tend to be more skeptical than most about the nation's economic outlook.
Many bras and girdles wholesale and manufacturers business sellers sell for a price that is well below market value. That's unfortunate because all it takes to get a fair price in today's market is ample planning and an awareness of what's important to buyers.
Seller Concessions
It's becoming more difficult to sell a bras and girdles wholesale and manufacturers business without considering seller concessions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. As an alternative, clearly state that seller financing is not an option and consider offering other concessions to see the sale through to its completion.
How to Choose a Business Broker
Good business brokers inevitably produce better business sales. In the bras and girdles wholesale and manufacturers business industry, experience is a must-have characteristic for qualified brokerage. As a practical matter, you'll also want to focus your search on brokers who have pre-existing relationships with attorneys, appraisers, and other professionals who can provide assistance at various stages of the process.
Laying the Groundwork
In addition to improving profitability and market share, planning the sale of your business will require you to think about how you will present your company to buyers. Professional business brokers understand buyers and know how to properly communicate a bras and girdles wholesale and manufacturers 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 bras and girdles wholesale and manufacturers business opportunity.
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