Business Exits By Industry
Selling a Crutches Business
Many business leaders say that now isn't the time to try to sell a crutches business. Don't be deterred by economic uncertainty. There are plenty of reasons why this is the right time to put your crutches business on the market.
Personal and professional concerns surround the sale of a crutches business. In our experience, a common owner concern is how the sale will affect customers and employees.
Undaunted by economic conditions, many crutches business sellers are achieving their sale goals through deliberate sale strategies.
How to Work with Business Brokers
Business brokers are professional business sellers. Brokerage is particularly common in the crutches business-for-sale market, where aggressive selling strategies are the norm. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
Advertising Your Sale
Successful crutches business sales incorporate comprehensive advertising plans. But confidentiality issues are a hurdle you'll need to address before you put your crutches business on the market. A highly publicized sale creates vulnerabilities that can be exploited by your competitors. The best way to advertise a crutches business is to enlist the assistance of a business broker who is skilled in locating and contacting prospective buyers.
Selling to a Family Member
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based crutches business sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Unless you have agreed to treat the family member like any other buyer, the risk of hard feelings among other potential heirs or family members is high. Although it may seem odd, a sale to a family member can take longer than a sale to a stranger because it may take time to work through family issues prior to closing.
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