Exit Planning Techniques By Market
Selling a Fabric Shop
No one said selling your business in a depressed economy would be easy. Fortunately, a fabric shop sale isn't as scary as it seems.
The economy isn't the only thing that is uncertain these days. So are fabric shop buyers, many of whom are waiting to pull the trigger on their next acquisition.
But sooner or later, all good things must come to an end. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your fabric shop.
Working with Accountants
Accountants lay the financial groundwork for a business sale. Most fabric shop have significant tax consequences requiring the input of a qualified accountant. 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.
Timing Your fabric shop Sale
If you're feeling like your tenure as the owner of the fabric shop is coming to an end, the time to sell is now. Some experts are telling fabric shop owners to wait for a better economy to put their business on the market. At Gaebler, we have a much more optimistic view of your chances in the fabric shop-for-sale market. The inventory of what we consider to be quality fabric shops is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Negotiation Teams
It's not unusual for fabric shop sellers to feel overwhelmed when they negotiate the sale of their business. Negotiation is a chess game, best played with the resources and backend support of a negotiation team. Good negotiation teams support sellers, giving them insight and advice about how to overcome buyer objections and drive the process forward to a successful conclusion.
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