Niche Exit Planning Strategies
Selling a Disc Golf Business
It's a misconception that no one is buying disc golf businesses these days. Savvy entrepreneurs see disc golf business opportunities as a path to short-term profits and long-term growth. Although final sales prices vary, the best sales combine strategy and hard work to achieve desired outcomes.
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
The economy hasn't squashed the market for disc golf businesses. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.
Tips for Working with A Business Broker
Brokerage is a mainstay of the business-for-sale marketplace. Brokerage is particularly common in the disc golf business-for-sale market, where aggressive selling strategies are the norm. But a good broker doesn't relieve your responsibility for contributing to the sale process. Like it or not, you are going to be an integral player in the sale of your disc golf business. Establish clear lines of communication with your broker and respond quickly to requests from prospective buyers. You should also assist your broker in listing your disc golf business on BizBuySell.com and other online business-for-sale sites.
Identifying Serious Buyers
Unfortunately, many of the prospects you will encounter aren't serious buyers. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. Your business broker can offer insights about how to quickly spot tire kickers. Never provide detailed information about your disc golf business until the prospect has been qualified as a serious buyer.
Timing Your disc golf business Sale
When is it the right time to sell your disc golf business? If you're asking the question, now may be the time to put your business on the market. Opinions are mixed and some consultants are advising disc golf business 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 disc golf business now, there is a high probability that you can sell it in the current market. The inventory of what we consider to be quality disc golf businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
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