Business Exits By Industry
Selling a Copying Consultants Business
A good business is about more than dollars and sense. To make your copying consultants business what it is today, you've had to fully invest yourself in its success. To see your ownership role through to completion, you will need to exhibit similar diligence in selling your company.
You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a copying consultants business.
Undaunted by economic conditions, many copying consultants business sellers are achieving their sale goals through deliberate sale strategies.
Broker vs. No Broker
Anyone who has ever sold a copying consultants business has eventually needed to decide whether to use a business broker or go it alone. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your copying consultants business much less painful. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your copying consultants business on BizBuySell.com and other popular online business-for-sale listing sites.
Pre-Sale Checklist
There is a lot of work that needs to be done before you're ready to sell your copying consultants business. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. Armed with a realistic timeframe and asking price, you can begin to consult with your broker about the best way to approach likely buyers.
Valuation Methods
Professional appraisers can use three methods to determine the value ofa copying consultants business: The income method, the asset method and the market method. The income method determines value based on the amount of income the business is expected to generate. The asset method, on the other hand, is based on the value of tangible and non-tangible assets (e.g. brands and trademarks). In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. All three methods have multiple variations and it's not uncommon for appraisers to use a combination of the three to determine the value of your business. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
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