Niche Exit Planning Strategies
Selling a Doors and Windows Wholesale and Manufacturers Business
Most businesses are susceptible to economic conditions and doors and windows wholesale and manufacturers businesses are no exception. But in some cases, a down economy can actually improve saleability. To increase your company's sale price, you'll need to perform adequate preparations, positioning it to the catch the eye of profit-minded buyers.
The buzz in the marketplace is that now isn't the right time to sell a doors and windows wholesale and manufacturers business. Consequently, sellers are holding their businesses off the market until they are sure the market will sustain their asking prices.
Eventually, it will the time will come to exit your business. As a consequence, you have a substantial stake in knowing how to receive maximum price for your doors and windows wholesale and manufacturers business.
Sale Preparation Timeframes
It's critical to properly plan for the sale ofa doors and windows wholesale and manufacturers business. For starters, the financials need to demonstrate a track record of profitability and growth. You'll also need to create financial reports, operations manuals, and other documents to create the perception of a turnkey doors and windows wholesale and manufacturers business operation. Since all of this takes time and effort, a doors and windows wholesale and manufacturers business can rarely be ready for the marketplace in less than six months. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.
Handling Unexpected Outcomes
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. Surprises are inevitable, so to minimize the disappointment you will need to prioritize the outcomes you require from the sale. If buyers don't seem to be willing to meet your expectations, consult with your broker to modify your strategy and market approach.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. The most common seller concession is seller financing. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. As an alternative, clearly state that seller financing is not an option and consider offering other concessions to see the sale through to its completion.
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