Business Exits By Industry
Selling a Cemeteries Equipment and Supplies Business
The sale of a cemeteries equipment and supplies business can be a difficult and trying process. We'll tell you how to thrive in the middle of it and get top dollar for your company.
Like it or not, a cemeteries equipment and supplies business sale is a complicated affair, made even more difficult by the emotions associated with leaving a business you've poured your life into. In our experience, a common owner concern is how the sale will affect customers and employees.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to cemeteries equipment and supplies businesses that exhibit strong financials and potential for future growth.
When Is the Right Time to Sell?
When is it the right time to sell your cemeteries equipment and supplies business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling cemeteries equipment and supplies business sellers (or would-be sellers) to take a wait and see approach. At Gaebler, we have a much more optimistic view of your chances in the cemeteries equipment and supplies business-for-sale market. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Selling a Cemeteries Equipment & Supplies Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. 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. Most of the time, employees also expect owners to finance a large portion of the sale. So if you aren't willing to finance the sale or need to get top dollar for your cemeteries equipment and supplies business, a sale to an employee is probably not a possibility.
Leveraging Industry Connections
Today's cemeteries equipment and supplies business buyers can be found in a variety of locations. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. For more targeted lead generation, consider tapping into your network of industry contacts. The downside of industry networks is that it leaves your company vulnerable to exploitation by competitors. Even though you can expand your prospect base by shouting it from the rooftops, it's probably wise to limit the release of information to the people you trust in the industry.
Share this article
Additional Resources for Entrepreneurs