Business Exits By Industry
Selling a Cactus Shop
Selling a cactus shop doesn't happen overnight. It takes a deliberate process to get top dollar for your company.
When it comes to selling a cactus shop, there are no shortcuts to success.
There is no simple way to sell a business. But the most prepared cactus shop sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.
Negotiation Exit Strategy
The negotiation stage of a cactus shop can seem never-ending. Yet eventually many negotiations reach a stage where further discussion is pointless. In a cactus shop sale, a stalled negotiation can be an indication that the deal is dead. If you are adequately prepared, you'll know what your bottom line is -- and if the buyer is unwilling to meet your bottom line requirements or if negotiations are stalled, it's time to step back from the negotiating table and re-evaluate your options.
Dealing with Your Emotions
Business sellers sometimes struggle to handle the emotions of a sale. You probably have good reasons for selling your cactus shop now, but that doesn't make the emotions you will experience any easier. We advise sellers to discuss their feelings with family members and close friends before, during and after the sale. 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.
Legal Considerations
It's obvious that you're going to need to hire an attorney to finalize the sale of your cactus shop. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. It's helpful to introduce your attorney to your broker to facilitate a smooth sale and a productive working relationship.
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