Niche Exit Planning Strategies
Selling a Door and Window Guards Business
Your door and window guards business has been good to you. The next step is to position your business for the demands of the business-for-sale marketplace.
The buzz in the marketplace is that now isn't the right time to sell a door and window guards business. Consequently, sellers are holding their businesses off the market until they are sure the market will sustain their asking prices.
If you're ready to move on, now is the right time to sell your door and window guards business.
Finding Door & Window Guards Business Buyers
Buyers of door and window guards businesses run the gamut. Some are seasoned door and window guards business veterans interested in expanding their operation or adding a new location. Others are first-time entrepreneurs with a taste for the small business lifestyle. Avoid pigeon-holing your search to a single buyer category. Many sellers achieve success by listing their door and window guards businesses in multiple channels. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
Adjusting Expectations
Every business seller dreams of a fast sale and a fat payday. However, no one told the marketplace about your expectations. The outcome of your sale will be determined by market forces - not by your personal circumstances or desires. Sometimes, sellers need to readjust their expectations to accommodate market realties. If buyers don't seem to be willing to meet your expectations, consult with your broker to modify your strategy and market approach.
Preparing Family Members
Since your business was a family affair, your family members should also be involved in its sale Whether you realize it or not, your door and window guards business has been an important part of your family life. The sale of the business will likely result in new family dynamics. To keep the family intact, the sale of a door and window guards business has to include ample communication and shared decision-making.
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