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Selling a Cosmetic Tattoos Business
There's a right way and a wrong way to sell a cosmetic tattoos business these days. We'll tell you how to keep your sale and your future plans on track.
The buzz in the marketplace is that now isn't the right time to sell a cosmetic tattoos business. Consequently, sellers are holding their businesses off the market until they are sure the market will sustain their asking prices.
In order to market a cosmetic tattoos business in this environment, sellers need to make a strong case for buyers to purchase at or near the asking price.
Advertising Your Sale
Successful cosmetic tattoos business sales incorporate comprehensive advertising plans. However, confidentiality and other concerns can present challenges, even for sales professionals. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. Business brokers are skilled at publicizing cosmetic tattoos business sales while maintaining the confidentiality that is critical to your business.
Valuation Methods
Professional appraisers can use three methods to determine the value ofa cosmetic tattoos business: The income method, the asset method and the market method. Appraisals based on the asset method gauge value as a factor of the company's real property and non-tangible assets; appraisals based on the income method consider the business's anticipated revenue. Using recent cosmetic tattoos business sales as its foundation, the market method factors market conditions into the valuation process. 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.
Signs You're in Over Your Head
Many cosmetic tattoos business are tempted to save brokerage fees by selling their businesses on their own. Although there are exceptions, solo sales typically take longer and are less productive than brokered sales. If you decide to go solo and your business has been on the market for more than six months without a single buyer inquiry, it's time to hire a professional business broker. Lack of buyer enthusiasm or persistence indicates that something is wrong. The remedy is professional brokerage or a consultation with more experienced sellers.
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