Exit Planning Techniques By Market
Selling a Fireplace and Chimney Building and Repair Business
At first glance, an unstable economy would seem to be an unfriendly atmosphere for a fireplace and chimney building and repair business sale. At Gaebler, we think it's a great time to sell a fireplace and chimney building and repair business. Here's why . . ..
In a down economy, many fireplace and chimney building and repair business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of fireplace and chimney building and repair businesses that are actually for sale.
The business-for-sale market is extremely dynamic. So if you're waiting for the perfect market conditions to sell your fireplace and chimney building and repair business, you could be waiting a while. If your business is ready to be sold, the time to sell is now. To improve sale outcomes, you will simply need to tailor your fireplace and chimney building and repair business to today's buyers.
Current Market Conditions
At first glance, today's market would seem to be a hostile place for fireplace and chimney building and repair business sellers. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. But when the economy fully rebounds, a shadow inventory of fireplace and chimney building and repair businesses will flood the market and drive prices down even further. So what's our point? The economy isn't the most important factor in the sale of your business. Instead, you should be focusing on making your fireplace and chimney building and repair business as attractive as possible so to buyers right now.
The Case for Confidentiality
Highly publicized fireplace and chimney building and repair business sales are risky fireplace and chimney building and repair businesssales. If you are rigorous about maintaining a confidential sale, there is little risk in putting your fireplace and chimney building and repair business on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. We recommend consulting a business broker to learn how you can simultaneously identify prospective buyers and maintain a confidential sale environment.
Sale Documents
In a fireplace and chimney building and repair business sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. 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.
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