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Selling a Color Matching Service and Equipment Business
The sale of a color matching service and equipment business can be a difficult and trying process. We'll tell you how to thrive in the middle of it and get top dollar for your company.
The business-for-sale market is just as frustrating for buyers as it is for sellers these days. Although there are plenty of entrepreneurs who want to buy a color matching service and equipment business, capital restrictions are holding them back.
At Gaebler, we think waiting for the economy to rebound is a mistake for many business owners. Selling a color matching service and equipment business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Current Market Conditions
No one plans to sell a color matching service and equipment business in a down economy. Entrepreneurs and investors still exhibit healthy skepticism, despite initial indication that recovery has begun. However, many business sellers don't realize that a full economic rebound can have devastating consequences, particularly if sellers who have waited to list their businesses suddenly create a glut in the business-for-sale marketplace. The simple truth is that the economy shouldn't dictate whether or not now is the right time to sell a color matching service and equipment business. Your individual circumstances and personal goals are more influential factors in determining when it's time to put your business on the market.
Are You the Right Person to Sell Your Business?
An unassisted business sale is a double-edged sword. Without a doubt, you have the most at stake in the outcome of your sale. That makes you the most passionate advocate for your color matching service and equipment business in the business-for-sale marketplace. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. Business brokers and other third-party consultants bring objectivity to the sale process and give you much-needed insight about buyers' mindsets.
Selling a Color Matching Service & Equipment Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. However, some employees feel they are entitled to special treatment and pricing, especially if they have played a key role in the company's success. Seller financing is one way to get around the capital deficit of an employee-based color matching service and equipment business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
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