Business Exits By Industry
Selling a Camping and Travel Trailer Dealers and Manufacturers Business
Is the economy still a little shaky for a business sale? Sure it is. Yet camping and travel trailer dealerships haven't heard the news and are reporting steady action on the business-for-sale market.
Despite your best intentions, great business sales don't happen overnight.
Most camping and travel trailer dealerships are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Post-Sale Details
As your camping and travel trailer dealershipsale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. Ideally, these and other post-sale details should be addressed early on. But if you haven't dealt with them yet, it's important to have a frank conversation with the buyer, your broker and other professionals as soon as possible.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. The most common seller concession is seller financing. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Preparing Family Members
Many sellers embarked on their camping and travel trailer dealership sale without adequately considering the impact it will have on their families. Whether you realize it or not, your camping and travel trailer dealership has been an important part of your family life. As a seller, you need to be sensitive to your family's feelings about the sale and make an effort to keep them informed about the process. To keep the family intact, the sale of a camping and travel trailer dealership has to include ample communication and shared decision-making.
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