Niche Market Exit Planning Tips
Selling a Bridge and Tunnel Operators Business
Don't believe anyone who tells you it's easy to sell a bridge and tunnel operators business. A lot of things need to happen before you can successfully exit your business. But with a few tips, you can keep your shirt and your sanity in the sale of your business.
In a down economy, many bridge and tunnel operators business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of bridge and tunnel operators businesses that are actually for sale.
Eventually, it will the time will come to exit your business. As a consequence, you have a substantial stake in knowing how to receive maximum price for your bridge and tunnel operators business.
How to Work with Business Brokers
Brokerage is a mainstay of the business-for-sale marketplace. Brokerage is particularly common in the bridge and tunnel operators business-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.
Dealing with Your Emotions
There is no easy way to say goodbye to your business. You probably have good reasons for selling your bridge and tunnel operators business now, but that doesn't make the emotions you will experience any easier. It's important to allow yourself time to process your emotions during your exit. At the same time, it's helpful to consult with people who can help limit the influence of your emotions on negotiations and other aspects of the sale process.
Business Valuation
Multiple valuation methods exist for a bridge and tunnel operators business. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
Share this article
Additional Resources for Entrepreneurs