Business Exits By Industry
Selling a Casino
With the economy struggling to rebound, the shadow inventory of casinos in the business-for-sale marketplace seems to be rising. That could make this the perfect time to list a successful casino
We're seeing a high volume of shadow inventory in the business-for-sale market.
It may require a little finesse, but if you're prepared to take the next step in your entrepreneurial career then it's time to brave the casino market and locate potential buyers ASAP.
Working with Appraisers
An experienced appraiser is part and parcel of a successful casino sale. Leading industry appraisers equip sellers with a value gauge that can be accessed during negotiations. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized casino buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. As you prepare for the sale of your casino, expect to be asked to finance a substantial part of the sale price.
Setting the Stage
Effective casino preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a casino to the marketplace. At a minimum, you'll want to position your business to receive the highest possible sale price, prepare a packet for prospective buyers and perform an initial appraisal before you put your casino on the market.
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