Niche Exit Planning Strategies
Selling a Dressmakers Business
Unfortunately, many sellers are waiting to list their dressmakers businesses until the economy fully rebounds. We think that's a mistake because for the right buyers, dressmakers businesses are a great investment.
Selling a dressmakers business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
Although we understand why sellers are hesitant, we're also seeing enough business sales to know that if you want to sell a dressmakers business, you can - even in today's economy. We'll tell you what you need to know to achieve a successful sale outcome
Advertising Your Sale
Successful dressmakers business sales incorporate comprehensive advertising plans. However, confidentiality and other concerns can present challenges, even for sales professionals. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. Business brokers are skilled at publicizing dressmakers business sales while maintaining the confidentiality that is critical to your business.
Selling a Dressmakers Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. However, some employees feel they are entitled to special treatment and pricing, especially if they have played a key role in the company's success. Seller financing is one way to get around the capital deficit of an employee-based dressmakers business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
How Much Does It Cost to Sell a dressmakers business?
The calculation of your asking price should include a buffer to cover the expense of the sale process. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Depending on your circumstances, you may also incur substantial expenses in hiring legal, appraisal and accounting professionals. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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