Business Exits By Industry
Selling a Commercial Signs Business
There are no guarantees when you sell a commercial signs business. But our tips will equip you with the information you need to increase the likelihood of a successful sales outcome.
When the economy recovers, we expect to see a sudden influx of commercial signs businesses in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
Eventually, it will the time will come to exit your business. And when that day arrives, you need to know how to sell your commercial signs business in a way that achieves positive outcomes for you and the business.
Should I Hire a Business Broker?
The decision of whether or not to hire a business broker should never be taken lightly. 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 commercial signs business. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Why Confidentiality Matters
In the business-for-sale universe, publicity translates into risk. If you are rigorous about maintaining a confidential sale, there is little risk in putting your commercial signs business on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Successful sales walk a fine line between total confidentiality and aggressive promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.
Economic Considerations
When you sell a commercial signs business, there are a number of variables you need to consider. A combination of economic conditions and market sentiment can complicate your sale. The truth is that perfect market conditions may never materialize. Rather than watching the economy, we recommend watching buyers and tailoring your business to meet their investment expectations. When it comes to selling a commercial signs business, successful sales sales often boil down to the business itself - not the economy.
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