Business Exits By Industry
Selling a Check Printing Business
For the right sellers, the business-for-sale marketplace is a friendly environment for check printing business opportunities. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
At Gaebler, we think waiting for the economy to rebound is a mistake for many business owners. Selling a check printing business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Legal Considerations
It's obvious that you're going to need to hire an attorney to finalize the sale of your check printing business. Tackling the legal nuances and tax ramifications of a sale without a first-rate business lawyer is an invitation for disaster. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Maintaining Objectivity
For most owners, the hardest part of selling a check printing business is remaining objective. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. In our experience, the most successful sales are ones in which the seller has made an intentional effort to remain objective and set realistic expectations. Consider recruiting a team of objective professionals to help manage your expectations as you prepare and negotiate the sale of your business.
Valuation Methods
Multiple valuation methods exist for a check printing business. Appraisals based on the asset method gauge value as a factor of the company's real property and non-tangible assets; appraisals based on the income method consider the business's anticipated revenue. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. But regardless of the method that is used, it's always in the seller's best interest to increase revenue and asset values prior to a sale.
Share this article
Additional Resources for Entrepreneurs