Niche Market Exit Planning Tips
Selling a Burglar Bars and Resistant Equipment Business
At first glance, an unstable economy would seem to be an unfriendly atmosphere for a burglar bars and resistant equipment business sale. Don't be deterred by economic uncertainty. There are plenty of reasons why this is the right time to put your burglar bars and resistant equipment business on the market.
Selling a burglar bars and resistant equipment business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
Nothing lasts forever and you will ultimately be faced with the task of selling your company. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your burglar bars and resistant equipment business.
Selling a Burglar Bars & Resistant Equipment 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.
Advantages of Hiring a Broker
Brokers give burglar bars and resistant equipment business sellers distinct advantages in the marketplace. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
What to Expect in a Burglar Bars & Resistant Equipment Business Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your burglar bars and resistant equipment business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Although it isn't easy, you can mitigate the emotional impact of a burglar bars and resistant equipment business sale by setting realistic expectations before you list your business.
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