Niche Exit Planning Strategies
Selling a Degreasing Equipment and Supplies Business
Many business leaders say that now isn't the time to try to sell a degreasing equipment and supplies business. At Gaebler, we think it's a great time to sell a degreasing equipment and supplies business. Here's why . . ..
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
At Gaebler, we think that's a mistake because with adequate preparation and the right sale strategy, this might be the best time to put your degreasing equipment and supplies business on the market.
Laying the Groundwork
Effective degreasing equipment and supplies business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a degreasing equipment and supplies business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium degreasing equipment and supplies business opportunity.
Seller Financing
Capital is hard to come by these days. Financial institutions have tightened up their lending policies, making it difficult for inexperienced and undercapitalized entrepreneurs to buy degreasing equipment and supplies businesses. As a result, buyers expect sellers to finance a significant portion of the sale. As you prepare for the sale of your degreasing equipment and supplies business, expect to be asked to finance a substantial part of the sale price.
Sale Costs
In a degreasing equipment and supplies business 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. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. If you need to compensate employees to assist with the sale, their services should also be considered.
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