Business Exits By Industry
Selling a Clamps Business
Is the economy still a little shaky for a business sale? Sure it is. Yet clamps businesses continue to sell at a brisk pace, regardless of the economy.
It's a fact: Successful business sales take time.
Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your clamps business.
Preparing Family Members
You're ready to sell your clamps business, but is your family prepared for the transition? Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. Subsequently, selling a clamps business has to include ample communication and shared decision-making.
Broker vs. No Broker
When selling a clamps business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your clamps business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Sweetening the Deal
Today's clamps business buyers expect sellers to offer concessions to persuade them to close the deal. Concessions can consist of non-cash as well as cash incentives. In fact, many concessions have little or no financial impact, but go a long way toward making the deal more palatable to young entrepreneurs. A limited amount of training and mentoring may seem inconsequential to you, but to a young clamps business owner, they can be critical launching points for their ownership journey.
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