Business Exits By Industry
Selling a Cake and Candy Decorating Equipment and Supplies Business
Many business leaders say that now isn't the time to try to sell a cake and candy decorating equipment and supplies business. At Gaebler, we think it's a great time to sell a cake and candy decorating equipment and supplies business. Here's why . . ..
In a down economy, many cake and candy decorating equipment and supplies 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 cake and candy decorating equipment and supplies businesses that are actually for sale.
Growth-minded entrepreneurs also find an appealing cake and candy decorating equipment and supplies business hard to pass up. To sell your cake and candy decorating equipment and supplies business, you'll need to go the extra mile to prove your company has the potential to deliver steady revenue and a solid ROI.
Tips for Working with A Business Broker
Business brokers are professional business sellers. It's typical for cake and candy decorating equipment and supplies business to rely on brokers to reduce market time and increase the final sales price. But a good broker doesn't relieve your responsibility for contributing to the sale process. Like it or not, you are going to be an integral player in the sale of your cake and candy decorating equipment and supplies business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
Pre-Sale Checklist
There is a lot of work that needs to be done before you're ready to sell your cake and candy decorating equipment and supplies business. The first item on your checklist should be a reality check -- if you plan to sell your business for top dollar in just a few short months, you need to adjust your expectations%However, your first priority should be to set realistic expectations for the selling process and its eventual outcome. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.
Business Assets
It's incumbent on buyers to commission their own appraisal of your cake and candy decorating equipment and supplies business's physical assets. But you'll need to commission your own appraisal before you put your cake and candy decorating equipment and supplies business on the market to arm yourself with information for the negotiation phase. Without an accurate assessment of asset values it's impossible to intelligently negotiate on price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your cake and candy decorating equipment and supplies business.
Share this article
Additional Resources for Entrepreneurs