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Selling a Car Pools Business
With the economy limping along, many car pools business owners are hesitant to put their businesses on the market. At Gaebler, we think it's a great time to sell a car pools business. Here's why . . ..
It's a fact: Successful business sales take time.
In our opinion, that kind of thinking doesn't make sense. In fact, this might be the perfect time to sell a car pools business. We'll tell you what you need to know to achieve a successful sale outcome
Business Valuation
Professional appraisers can use three methods to determine the value ofa car pools business: The income method, the asset method and the market method. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. Finally, the market method determines the worth of your car pools business based on the sales of similar businesses in your geographic area. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
How Much Does It Cost to Sell a car pools business?
In a car pools business sale, pricing is based on a number of factors, including the costs incurred during the sale. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Depending on your circumstances, you may also incur substantial expenses in hiring legal, appraisal and accounting professionals. If you need to compensate employees to assist with the sale, their services should also be considered.
What to Expect in a Car Pools Business Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your car pools business. 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 car pools business on the market.
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