Business Exits By Industry
Selling a Candles and Candle Equipment and Supplies Business
Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your candle equipment and supplies business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
We hear it all the time: "I'm waiting until the economy recovers to list my business."
Undaunted by economic conditions, many candle equipment and supplies business sellers are achieving their sale goals through deliberate sale strategies.
After the Sale
Due diligence has ended and you're ready to close on the sale of your candle equipment and supplies business. All that stands between you and the sale proceeds is a few signatures, right? Not so fast. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
Average Timeframes
Hoping for a quick candle equipment and supplies business sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your candle equipment and supplies business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Negotiation Teams
Business sellers are sometimes surprised to find themselves in the position of negotiator-in-chief. When you sell your candle equipment and supplies business, your business brokers may or may not be willing to conduct negotiations for you. Negotiation is a chess game, best played with the resources and backend support of a negotiation team. By enlisting the assistance of a negotiation team (senior leaders, experienced negotiators, etc.), you can improve the quality of your negotiation strategy and position yourself to receive top dollar for your candle equipment and supplies business.
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