Business Exits By Industry
Selling a Clothing Storage Business
You've heard the naysayers - now isn't the time to sell a clothing storage business. But what they don't know is that many entrepreneurs see clothing storage businesses as a smart business investment.
In a down economy, many clothing storage business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of clothing storage businesses that are actually for sale.
But at Gaebler, we see clothing storage businesses still selling at a brisk pace. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.
Tips for Working with A Business Broker
Business brokers are professional business sellers. Brokerage is particularly common in the clothing storage business-for-sale market, where aggressive selling strategies are the norm. However, your broker will still expect you to materially participate in the sale of your business. Establish clear lines of communication with your broker and respond quickly to requests from prospective buyers. You should also assist your broker in listing your clothing storage business on BizBuySell.com and other online business-for-sale sites.
When Is the Right Time to Sell?
If you're feeling like your tenure as the owner of the clothing storage business is coming to an end, the time to sell is now. Some experts are telling clothing storage business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the clothing storage business marketplace. The inventory of what we consider to be quality clothing storage businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Negotiation Teams
Business sellers are sometimes surprised to find themselves in the position of negotiator-in-chief. When you sell your clothing storage business, your business brokers may or may not be willing to conduct negotiations for you. Negotiation is a chess game, best played with the resources and backend support of a negotiation team. By enlisting the assistance of a negotiation team (senior leaders, experienced negotiators, etc.), you can improve the quality of your negotiation strategy and position yourself to receive top dollar for your clothing storage business.
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