Business Exits By Industry
Selling a Computer Repair Services Business
Is the economy still a little shaky for a business sale? Sure it is. Yet computer repair services businesses haven't heard the news and are reporting steady action on the business-for-sale market.
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
However, serious buyers also understand the value of a good computer repair services business. Financial statements and ROI are essential in converting modern computer repair services business prospects into buyers.
Preparing Family Members
Many sellers embarked on their computer repair services business sale without adequately considering the impact it will have on their families. Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. Subsequently, selling a computer repair services business should allow opportunities for all family members to share their feelings and offer input about the sale process.
Working with Appraisers
There is no substitute for a qualified appraisal in the sale of your computer repair services business. Armed with a professional appraisal, both you and your broker can enter the negotiation stage with confidence. Even though you may disagree with the appraiser's value estimates, it's important to give your appraiser the information and independence he needs to present an objective opinion. To ensure accuracy, ask your broker to provide references for appraisers with industry experience.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your computer repair services business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. When you conduct your appraisal of your assets, note their condition and include it in the information packet you prepare for prospective buyers.
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