Niche Exit Planning Strategies
Selling a Decorating Service
No one said selling your business in a depressed economy would be easy. Fortunately, a decorating service sale isn't as scary as it seems.
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
It may require a little finesse, but if you're prepared to take the next step in your entrepreneurial career then it's time to brave the decorating service market and locate potential buyers ASAP.
How Much Does It Cost to Sell a decorating service?
In a decorating service sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a decorating service sale. Likewise, you'll need to consider how much it will cost to promote the sale as well as the lost time it will take for you and your team to navigate the sale process.
When Is the Right Time to Sell?
When is it the right time to sell your decorating service? If you're asking the question, now may be the time to put your business on the market. Some experts are telling decorating service sellers to put their plans on hold until the economy fully rebounds. But despite the negativity that exists in some sectors, if you have a desire to sell your decorating service now, there is a high probability that you can sell it in the current market. The inventory of what we consider to be quality decorating services is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Sweetening the Deal
Today's decorating service buyers expect sellers to offer concessions to persuade them to close the deal. Concessions can consist of non-cash as well as cash incentives. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. A limited amount of training and mentoring may seem inconsequential to you, but to a young decorating service owner, they can be critical launching points for their ownership journey.
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