Niche Exit Planning Strategies
Selling a Deck Maintenance and Restoration Business
The business-for-sale marketplace has experienced no shortage of uncertainty over the past several years. But deck maintenance and restoration businesses haven't been deterred. In fact, we think this economy is a ripe environment for a deck maintenance and restoration business sale.
Business sellers sometimes face a long, hard struggle to get fair market value for their companies. But with the adequate preparation, your deck maintenance and restoration business can attract buyers who recognize its potential.
A business sale is always a sophisticated transaction and if you aren't prepared for it, your deck maintenance and restoration business sale could have an unexpected outcome. To stay on course, you'll need sound strategy and meticulous execution on your side.
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized deck maintenance and restoration business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
What to Expect in a Deck Maintenance & Restoration Business Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your deck maintenance and restoration business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Accurate expectations, a solid strategy and a strong support system can be valuable resources for coping with the personal impact of the sale.
Benefits of Third-Party Assistance
Rarely, if ever, do owners sell a deck maintenance and restoration business without outside assistance. The enlistment of a qualified business broker is an excellent first step. Additionally, you may want to hire professionals for legal, valuation and other functions before you put your business on the market. The benefit of soliciting outside assistance early is that seemingly small decisions now can have big consequences later. By consulting professionals throughout the sale of your deck maintenance and restoration business, you can avoid painful tax and legal complications both before and after closing.
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