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Selling a Commercial Laminating Business
There are no guarantees when you sell a commercial laminating business. But our tips will equip you with the information you need to increase the likelihood of a successful sales outcome.
When it comes to selling a commercial laminating business, there are no shortcuts to success.
You'll always have an excuse for not putting your business on the market. Selling a commercial laminating business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Signs You're in Over Your Head
Many commercial laminating 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. Generally, listed businesses should generate interest within a few months. Lack of buyer enthusiasm or persistence indicates that something is wrong. If that occurs, it's time to bring in the professionals to get your sale back on track.
Workforce Concerns
Business sellers face a dilemma when it comes to their employees. You're concerned about confidentiality, and rightfully so. But sooner or later, employees will begin to suspect that something is up, especially when you start parading prospective buyers through the business. So at some point you will have to resign yourself to the idea of telling some or all of your employees that you have listed the commercial laminating business on the market. Maintain a positive tone in your conversations and answer your employees questions as completely as you can without jeopardizing the sale.
Factoring In Economic Variables
Think a commercial laminating business sale is simple? Think again. Many would-be sellers are laser-focused on economic indicators, anxiously awaiting the perfect time to list their companies. But at Gaebler, we advise our business partners to look beyond simple economic data when determining whether it's the right time to sell a commercial laminating business. A much better approach is to focus on the factors that always attract buyers and investors. One thing is for sure - buyers are paying more attention to your company's profitability and growth potential than they are to the latest quarterly economic indicators.
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