Business Exits By Industry
Selling a Children's and Family Entertainment Business
Most businesses are susceptible to economic conditions and children's and family entertainment businesses are no exception. But in some cases, a down economy can actually improve saleability. All it takes is a strategy to identify solid prospects and convert them to buyers.
Market timing is a perennial problem for business sellers.
Despite the overall mood of the marketplace, children's and family entertainment businesses are still an attractive investment, especially when sellers have invested time and energy in preparing their companies for a sale.
Working with Accountants
Accountants lay the financial groundwork for a business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. You may also want your accountant to assist in the preparation of professional financials to present to serious buyers. In many instances, your accountant will be invaluable in evaluating prospective buyers' financial position and buying capacity.
Tips for Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized children's and family entertainment business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Factoring In Economic Variables
Think a children's and family entertainment business sale is simple? Think again. Interest rates, spending, inflation, and other variables directly influence how long your children's and family entertainment business will be on the market as well as its sales price. The truth is that perfect market conditions may never materialize. A much better approach is to focus on the factors that always attract buyers and investors. When it comes to selling a children's and family entertainment business, successful sales sales often boil down to the business itself - not the economy.
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