Business Exits By Industry
Selling a Counterfeit Money Detection Devices Business
No one said selling your business in a depressed economy would be easy. Although it's going to take some work, there is a good chance you can still sell your company at or even above fair market value.
If you listen to many entrepreneurs, there never seems to be a good time to put a small business on the market.
The economy hasn't squashed the market for counterfeit money detection devices businesses. And the ones that are commanding the highest price tags are the ones with sellers who are committed to the sale process.
Preparing for What's Next
The decision to sell your counterfeit money detection devices business can't be made without adequate consideration of what will happen after the sale. Although next steps may seem inconsequential, they actually play an important role in shaping the structure of the sale of your counterfeit money detection devices business. We frequently encounter business sellers who haven't thought enough about their futures to know whether certain concessions (e.g seller financing) are a real possibility. As a result, they make bad decisions during the sale and experience less-than-optimal outcomes.
Sale Costs
The calculation of your asking price should include a buffer to cover the expense of the sale process. Good brokerage takes a 10% success fee off the top of the final sale price. Depending on your circumstances, you may also incur substantial expenses in hiring legal, appraisal and accounting professionals. If you need to compensate employees to assist with the sale, their services should also be considered.
Selling a Counterfeit Money Detection Devices Business to an Employee
There are both benefits and drawbacks to selling a counterfeit money detection devices business to an employee. There are some perks to selling the business in-house. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. Most of the time, employees also expect owners to finance a large portion of the sale. So if you aren't willing to finance the sale or need to get top dollar for your counterfeit money detection devices business, a sale to an employee is probably not a possibility.
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