Exit Planning Techniques By Market
Selling a Floor Polishing, Waxing, and Cleaning Materials Business
Economic uncertainty influences the timing of many floor polishing, waxing, and cleaning materials business sales. But based on what we're seeing in the business-for-sale marketplace, we don't think economic conditions should deter you from putting your floor polishing, waxing, and cleaning materials business on the market.
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
In our opinion, that kind of thinking doesn't make sense. In fact, this might be the perfect time to sell a floor polishing, waxing, and cleaning materials business. Here's how to do it . . .
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized floor polishing, waxing, and cleaning materials business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Timing Your floor polishing, waxing, and cleaning materials business Sale
When is it the right time to sell your floor polishing, waxing, and cleaning materials business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling floor polishing, waxing, and cleaning materials business sellers to put their plans on hold until the economy fully rebounds. But despite the negativity that exists in some sectors, if you have a desire to sell your floor polishing, waxing, and cleaning materials business now, there is a high probability that you can sell it in the current market. With fewer floor polishing, waxing, and cleaning materials businesses on the market, there are ample opportunities for sellers to capture the attention of qualified buyers.
Tips for Working with A Business Broker
Many sellers employ business brokers to manage the details and direction of their sale. Brokers routinely work with floor polishing, waxing, and cleaning materials business owners to achieve desired outcomes and deliver a successful sale as quickly as possible. But a good broker doesn't relieve your responsibility for contributing to the sale process. Like it or not, you are going to be an integral player in the sale of your floor polishing, waxing, and cleaning materials business. To maximize your broker's potential, conduct periodic consultations throughout the process and deliver requested information as quickly as possible.
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