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Selling a Contemporary and Modern Furniture Store
We hear from a lot of business owners who are timid about listing their contemporary and modern furniture store. Despite the mood of the market, we think there are still opportunities to receive a good price for your contemporary and modern furniture store. Here's what you need to know . . .
When it comes to selling a contemporary and modern furniture store, there are no shortcuts to success.
Although it takes hard work and dedication, if it's time to exit your contemporary and modern furniture store there is a good chance you can sell it for a good price -- even in today's market.
Advantages of Hiring a Broker
A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
Preparing Family Members
You're ready to sell your contemporary and modern furniture store, but is your family prepared for the transition? 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 contemporary and modern furniture store often begins with a family conversation and a mutual decision to move on the next stage of life.
Why Confidentiality Matters
In the business-for-sale universe, publicity translates into risk. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is 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. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.
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