Business Exits By Industry
Selling a Cushions Retail Business
Don't believe anyone who tells you it's easy to sell a cushions retail business. A lot of things need to happen before you can successfully exit your business. But with a few tips, you can keep your shirt and your sanity in the sale of your business.
Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a cushions retail business sale works.
A business sale is always a sophisticated transaction and if you aren't prepared for it, your cushions retail business sale could have an unexpected outcome. To stay on course, you'll need sound strategy and meticulous execution on your side.
When Is the Right Time to Sell?
When is it the right time to sell your cushions retail business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling cushions retail business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the cushions retail business marketplace. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Leveraging Industry Connections
Today's cushions retail business buyers can be found in a variety of locations. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. More focused prospects are typically found within industry networks. The downside of industry networks is that it leaves your company vulnerable to exploitation by competitors. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. The most common seller concession is seller financing. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
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