Business Exits By Industry
Selling a Collectible Angels Business
With the economy struggling to rebound, the shadow inventory of collectible angels businesses in the business-for-sale marketplace seems to be rising. That could make this the perfect time to list a successful collectible angels business
It takes dedication to sell a collectible angels business under the best of circumstances. In the current market, you'll need to redouble your efforts and get serious about convincing prospects that your company is a good investment.
However, serious buyers also understand the value of a good collectible angels business. Financial statements and ROI are essential in converting modern collectible angels business prospects into buyers.
Dealing with Your Emotions
There is no easy way to say goodbye to your business. You probably have good reasons for selling your collectible angels business now, but that doesn't make the emotions you will experience any easier. We advise sellers to discuss their feelings with family members and close friends before, during and after the sale. However, when it comes to negotiating a successful deal, there is no room for your personal emotions. To keep the sale on track, you'll need to seek the advice of a broker or another objective third-party counselor.
Business Assets
During due diligence, the buyer will undoubtedly conduct his own appraisal of your collectible angels business's physical assets. Your appraisal should occur before you put your business on the market. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your collectible angels business.
Broker vs. No Broker
When selling a collectible angels business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Business brokers typically charge a 10% "success fee" when they sell a business, but they also handle many of the hassles that are associated with selling a collectible angels business. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
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