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Selling a Chimney Tops and Caps Business
Don't believe anyone who tells you it's easy to sell a chimney tops and caps business. A lot of things need to happen before you can successfully exit your business. But with a few tips, you can keep your shirt and your sanity in the sale of your business.
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
You'll always have an excuse for not putting your business on the market. Selling a chimney tops and caps business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Signs You're in Over Your Head
Many chimney tops and caps business are tempted to save brokerage fees by selling their businesses on their own. Although there are exceptions, solo sales typically take longer and are less productive than brokered sales. As a rule, no business should sit on the market for more than six months without attracting the interest of at least a handful of qualified buyers. When buyers fail to exhibit substantive interest, it could indicate unrealistic pricing or an inferior selling strategy. The remedy is professional brokerage or a consultation with more experienced sellers.
What to Expect in a Chimney Tops & Caps Business Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your chimney tops and caps business. Many sellers experience discouragement during a long sale process. Although it isn't easy, you can mitigate the emotional impact of a chimney tops and caps business sale by setting realistic expectations before you list your business.
Workforce Concerns
Business sellers face a dilemma when it comes to their employees. On the one hand, confidentiality is critical for a successful chimney tops and caps business sale. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. Consider informing your key employees first, followed by the rest of your workforce later in the process. Maintain a positive tone in your conversations and answer your employees questions as completely as you can without jeopardizing the sale.
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