Niche Exit Planning Strategies
Selling a Deer Processing Business
Most businesses are susceptible to economic conditions and deer processing businesses are no exception. But in some cases, a down economy can actually improve saleability. All it takes is a strategy to identify solid prospects and convert them to buyers.
When the economy recovers, we expect to see a sudden influx of deer processing businesses in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
There are still plenty of deer processing business buyers looking for opportunities that present well in the marketplace.
Should I Hire a Business Broker?
When selling a deer processing business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Although brokerage fees can be substantial, the right broker can reduce the amount of time your deer processing business sits on the market. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. Not surprisingly, seller financing is routinely requested by today's buyers. 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.
Sale Preparations for Your Deer Processing Business
The outcome of a business sale is largely determined prior to a market listing. Profitable deer processing business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Even though it may take years to adequately position your deer processing business, the amount of preparation you perform will have direct correlation on asking and sale prices. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.
Share this article
Additional Resources for Entrepreneurs