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Selling a Concrete Patching Compounds Business
No one said selling your business in a depressed economy would be easy. Fortunately, a concrete patching compounds business sale isn't as scary as it seems.
In any economy, there is a right way and a wrong way to sell a business.
For sellers who are willing to perform adequate sale preparation, the numbers make concrete patching compounds businesses a solid investment for qualified buyers in the business-for-sale marketplace.
The Best Person to Sell Your Concrete Patching Compounds 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 concrete patching compounds business in the business-for-sale marketplace. But your knowledge and personal insights about the concrete patching compounds business are also the problem. Nearly all sellers have an inflated sense of their company's value. So in many cases, the introduction of third-party opinions regarding value and negotiation parameters is a fundamental requirement for a successful concrete patching compounds business sale.
The Case for Confidentiality
Highly publicized concrete patching compounds business sales are risky concrete patching compounds businesssales. If you are rigorous about maintaining a confidential sale, there is little risk in putting your concrete patching compounds business on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. We recommend consulting a business broker to learn how you can simultaneously identify prospective buyers and maintain a confidential sale environment.
Timing the Market
Timing is everything when it comes to selling a concrete patching compounds business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on concrete patching compounds businesses. When the economy recovers there will be more concrete patching compounds business buyers on the market, but higher interest rates could present challenges. At Gaebler, we recognize the value of timing the sale of your concrete patching compounds business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
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