Business Exits By Industry
Selling a Contractors' Equipment and Supplies Wholesale and Manufacturers Business
Selling a contractors' equipment and supplies wholesale and manufacturers business doesn't happen overnight. It takes a deliberate process to get top dollar for your company.
It takes dedication to sell a contractors' equipment and supplies wholesale and manufacturers business under the best of circumstances. In the current market, you'll need to redouble your efforts and get serious about convincing prospects that your company is a good investment.
Undaunted by economic conditions, many contractors' equipment and supplies wholesale and manufacturers business sellers are achieving their sale goals through deliberate sale strategies.
Sale Costs
You'll need to incorporate the cost of the sale into the calculation the minimum price you are willing to receive for your contractors' equipment and supplies wholesale and manufacturers business. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a contractors' equipment and supplies wholesale and manufacturers business sale. If you need to compensate employees to assist with the sale, their services should also be considered.
Average Timeframes
It's rarely possible to sell a contractors' equipment and supplies wholesale and manufacturers business in a month or two. The amount of time your business will be on the market depends on how aggressively it is priced and marketed. Before you can list your contractors' equipment and supplies wholesale and manufacturers business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Preparing Your Employees
Business sellers walk a fine line when it comes to preparing their employees for a sale. The more people who know that the business is on the market, the riskier the sale becomes. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. So at some point you will have to resign yourself to the idea of telling some or all of your employees that you have listed the contractors' equipment and supplies wholesale and manufacturers business on the market. Your employees will undoubtedly have many questions about their future with the company. Try to answer their questions to the best of your ability, but avoid making any promises that you are not authorized to make.
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