Business Exits By Industry
Selling a Caterers Commercial and Industrial Business
There are few things as intimidating as selling a business in a sluggish economy. Fortunately, a caterers commercial and industrial business sale isn't as scary as it seems.
When it comes to selling a caterers commercial and industrial business, there are no shortcuts to success.
Success is a factor of preparation, execution and a keen eye for the market. As a business seller, you need to go into the process with the mental goal of presenting your business in the best possible light.
Setting the Stage
Effective caterers commercial and industrial business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a caterers commercial and industrial business to the marketplace. Financial statements, appraisals, operations manuals and other documents lay the foundation for your caterers commercial and industrial business sale, creating incentives for prospects to agree to a higher asking price.
Selling a Caterers Commercial & Industrial Business to an Employee
Employee sales have pros and cons. There are some perks to selling the business in-house. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. But in many cases, employees expect to get a deal from their employer based on their years of service to the company. Seller financing is one way to get around the capital deficit of an employee-based caterers commercial and industrial business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
How to Increase Sale Price
If you haven't sold a business before, may be surprised by the time investment that is required to sell a caterers commercial and industrial business. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their caterers commercial and industrial businesses.
Share this article
Additional Resources for Entrepreneurs