Business Exits By Industry
Selling a Candles Wholesale and Manufacturers Business
Owning a wholesale or manufacturer of candles business hasn't always been a bed of roses, but it's been worth the effort. Now the trick is to convince cautious buyers that your operation is worth the asking price.
You won't find any magic formulas for selling a wholesale or manufacturer of candles business, especially while the market is struggling to overcome the perceptions created by a down economy.
However, serious buyers also understand the value of a good wholesale or manufacturer of candles business. So for wholesale or manufacturer of candles business sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
Emotional Considerations
It's impossible to predict the emotional highs and lows you will experience during the sale of your wholesale or manufacturer of candles business. Many sellers experience discouragement during a long sale process. Although it isn't easy, you can mitigate the emotional impact of a wholesale or manufacturer of candles business sale by setting realistic expectations before you list your business.
Family Business Sale Tips
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based wholesale or manufacturer of candles business sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. Although it may seem odd, a sale to a family member can take longer than a sale to a stranger because it may take time to work through family issues prior to closing.
Brokerage Benefits
A good broker can offer several benefits to business sellers. 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. Although you will pay a fee for brokerage, it's generally worth it because the end result will be a higher sales prices and more favorable terms.
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