Business Exits By Industry
Selling a Carpet and Rug Rental Business
A lot can go wrong during the sale of a carpet and rug rental business these days. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.
The economy isn't the only thing that is uncertain these days. So are carpet and rug rental business buyers, many of whom are waiting to pull the trigger on their next acquisition.
The business-for-sale market is extremely dynamic. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a carpet and rug rental business sale. To improve sale outcomes, you will simply need to tailor your carpet and rug rental business to today's buyers.
Leveraging External Resources
At some point, you're going to need help selling your carpet and rug rental business. Brokers can be an important resource for your sale, especially if you are unfamiliar with the business-for-sale marketplace. We also suggest hiring an attorney, an appraiser, and an accountant early in the process. The early recruitment of external resources reduces your risk and results in a more predictable final outcome.
Valuation Methods
Professional appraisers can use three methods to determine the value ofa carpet and rug rental 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. Using recent carpet and rug rental business sales as its foundation, the market method factors market conditions into the valuation process. 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.
Timing Your carpet and rug rental business Sale
When is it the right time to sell your carpet and rug rental business? If you're asking the question, now may be the time to put your business on the market. Opinions are mixed and some consultants are advising carpet and rug rental business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the carpet and rug rental business marketplace. The inventory of what we consider to be quality carpet and rug rental businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
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