Business Exits By Industry
Selling a Concrete Breaking, Coring, Cutting, Drilling, and Sawing Business
A good business is about more than dollars and sense. To make your concrete breaking, coring, cutting, drilling, and sawing business what it is today, you've had to fully invest yourself in its success. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.
Today's concrete breaking, coring, cutting, drilling, and sawing business buyers tend to be more skeptical than most about the nation's economic outlook.
The business-for-sale market is extremely dynamic. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a concrete breaking, coring, cutting, drilling, and sawing business sale. The key is to go into the sale with your eyes open and with complete awareness of market condition.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. The most common seller concession is seller financing. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Working with Appraisers
An experienced appraiser is part and parcel of a successful concrete breaking, coring, cutting, drilling, and sawing business sale. Leading industry appraisers equip sellers with a value gauge that can be accessed during negotiations. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.
Preparing Your Concrete Breaking, Coring, Cutting, Drilling, & Sawing Business for Sale
The outcome of a business sale is largely determined prior to a market listing. Profitable concrete breaking, coring, cutting, drilling, and sawing business listings are the culmination of a preparation process that began months or even years ahead of time. Branding, market positioning, and revenue growth take time, but they directly influence the price your concrete breaking, coring, cutting, drilling, and sawing business will command in the marketplace. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.
Share this article
Additional Resources for Entrepreneurs