Exit Planning Techniques By Market
Selling a Feed and Grain Brokers Business
Your feed and grain brokers business is a tangible reminder of the passion and dedication you've invested in your entrepreneurial career. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.
Are most buyers timid about buying a feed and grain brokers business in today's economic environment? You bet.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to feed and grain brokers businesses that exhibit strong financials and potential for future growth.
Preparing for What's Next
So you've decided to sell your feed and grain brokers business. That's great -- but have you considered what's next? Are you moving on to another business venture? Are you retiring? many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
Sale Documents
In a feed and grain brokers business sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . By the time the deal reaches the final contract, many of its features are set in stone. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.
Equipment and Inventory Concerns
Buyers typically perform an independent appraisal of your feed and grain brokers business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your feed and grain brokers business.
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