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Selling a Construction Site Development Contractors Business
You've learned a lot during your tenure as a construction site development contractors business owner. Now the trick is to convince cautious buyers that your operation is worth the asking price.
With planning and patience, most construction site development contractors businesses can be sold for a fair price in the current business-for-sale marketplace.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to construction site development contractors businesses that exhibit strong financials and potential for future growth.
Sale Preparation Timeframes
It's critical to properly plan for the sale ofa construction site development contractors business. Buyers want to see growth trends, healthy profits and other variables that increase the likelihood of long-term success. Next, the business will need to be documented in professional financial statements and manuals that facilitate the ownership transition. Since all of this takes time and effort, a construction site development contractors business can rarely be ready for the marketplace in less than six months. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your construction site development contractors business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A pre-sale appraisal is a prerequisite for because it offers insights about your assets' market value before you initiate conversations with prospective buyers. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your construction site development contractors business.
Broker vs. No 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 construction site development contractors business. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
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