Business Exits By Industry
Selling a Carpet and Furniture Stain Protection Business
It's a misconception that no one is buying carpet and furniture stain protection businesses these days. Savvy entrepreneurs see carpet and furniture stain protection business opportunities as a path to short-term profits and long-term growth. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
A business exit is always a trying experience. But when you need to sell your carpet and furniture stain protection business in a depressed economy, the challenges can seem insurmountable.
You'll always have an excuse for not putting your business on the market. Selling a carpet and furniture stain protection business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Timing the Market
Now may be the best time to sell a carpet and furniture stain protection business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on carpet and furniture stain protection businesses. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. At Gaebler, we recognize the value of timing the sale of your carpet and furniture stain protection business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
Preparing Your Employees
Business sellers face a dilemma when it comes to their employees. You're concerned about confidentiality, and rightfully so. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. So at some point you will have to resign yourself to the idea of telling some or all of your employees that you have listed the carpet and furniture stain protection business on the market. Maintain a positive tone in your conversations and answer your employees questions as completely as you can without jeopardizing the sale.
How to Work with Business Brokers
Brokerage is a mainstay of the business-for-sale marketplace. It's typical for carpet and furniture stain protection business to rely on brokers to reduce market time and increase the final sales price. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
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