Business Exits By Industry
Selling a Canoeing and Kayaking Business
You've heard the naysayers - now isn't the time to sell a canoeing and kayaking business. But what they don't know is that many entrepreneurs see canoeing and kayaking businesses as a smart business investment.
Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to canoeing and kayaking businesses that exhibit strong financials and potential for future growth.
How to Skillfully Address Buyer Concerns
Buyers can present challenges, especially during the due diligence stage. The questions canoeing and kayaking business ask during due diligence are designed to alleviate their concerns about the business and should be promptly addressed by the seller. To protect yourself, don't offer an answer until you are sure the information you are providing is 100% accurate. If due diligence drags on too long, your broker may need to intervene.
Working with Accountants
Accountants lay the financial groundwork for a business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. You may also want your accountant to assist in the preparation of professional financials to present to serious buyers. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
What to Expect in a Canoeing & Kayaking Business Sale
Prepare yourself to feel a broad range of emotions when you sell a canoeing and kayaking business. From hopefulness to remorse, it's all part of exiting of your company. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. You can prepare yourself by talking through your emotions with friends and family members, and thoroughly evaluating your minimum requirements before you put your canoeing and kayaking business on the market.
Share this article
Additional Resources for Entrepreneurs