Niche Exit Planning Strategies
Selling a Dryer Vent Cleaning Business
No one said selling your business in a depressed economy would be easy. Although it's going to take some work, there is a good chance you can still sell your company at or even above fair market value.
You need to get a good price for your dryer vent cleaning business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Too often dryer vent cleaning business owners fail to receive fair market value for their businesses. With the right strategy, your sale doesn't have to end that way.
Working with a Professional Accountant
Professional accountants lend credibility to the financial preparation of a dryer vent cleaning business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Economic Considerations
Several economic factors can affect the sale of a dryer vent cleaning business. A combination of economic conditions and market sentiment can complicate your sale. The truth is that perfect market conditions may never materialize. Rather than watching the economy, we recommend watching buyers and tailoring your business to meet their investment expectations. When it comes to selling a dryer vent cleaning business, successful sales sales often boil down to the business itself - not the economy.
Valuation Methods
Professional appraisers can use three methods to determine the value ofa dryer vent cleaning business: The income method, the asset method and the market method. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. Finally, the market method determines the worth of your dryer vent cleaning business based on the sales of similar businesses in your geographic area. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
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