Business Exits By Industry
Selling a Carpet, Rug, and Upholstery Storage and Repair Business
You've learned a lot during your tenure as a carpet, rug, and upholstery storage and repair business owner. The next step is to position your business for the demands of the business-for-sale marketplace.
The carpet, rug, and upholstery storage and repair business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.
But they're also savvy enough to know a good deal when they see it. So for carpet, rug, and upholstery storage and repair business sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
Family Issues
Many sellers embarked on their carpet, rug, and upholstery storage and repair business sale without adequately considering the impact it will have on their families. Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. Subsequently, selling a carpet, rug, and upholstery storage and repair business has to include ample communication and shared decision-making.
Tips for Working with A Business Broker
Business brokers are professional business sellers. Brokerage is particularly common in the carpet, rug, and upholstery storage and repair business-for-sale market, where aggressive selling strategies are the norm. However, your broker will still expect you to materially participate in the sale of your business. Establish clear lines of communication with your broker and respond quickly to requests from prospective buyers. You should also assist your broker in listing your carpet, rug, and upholstery storage and repair business on BizBuySell.com and other online business-for-sale sites.
Negotiation Exit Strategy
Negotiations have a way of dragging on forever. But sooner or later, someone needs to bring negotiations to a close. Unfortunately, that responsibility often falls on the seller. A lull in negotiations may be part of the buyer's strategy. Then again, it may be a sign that the search for common ground is a lost cause. At this point in the process, an awareness of negotiation parameters really pays off. If the buyer is unwilling to accept your minimum demands, it's time to end negotiations and move on to the next prospect.
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