Exit Planning Techniques By Market
Selling a Floor Waxing, Polishing, and Cleaning Residential Business
With the economy limping along, many floor waxing, polishing, and cleaning residential business owners are hesitant to put their businesses on the market. At Gaebler, we think it's a great time to sell a floor waxing, polishing, and cleaning residential business. Here's why . . ..
Like it or not, a floor waxing, polishing, and cleaning residential business sale is a complicated affair, made even more difficult by the emotions associated with leaving a business you've poured your life into. In our experience, a common owner concern is how the sale will affect customers and employees.
There is no simple way to sell a business. But the most prepared floor waxing, polishing, and cleaning residential business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.
How to Increase Sale Price
There are no simple ways to sell a floor waxing, polishing, and cleaning residential business. If you don't know what you're doing, your business could languish on the market for months or even years. Many sellers find that hiring a business broker makes the demands of a sale much more tolerable. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their floor waxing, polishing, and cleaning residential businesses.
Average Timeframes
Hoping for a quick floor waxing, polishing, and cleaning residential business sale? You may be disappointed. Unfortunately, there are no hard and fast rules about the length of time your business will be on the market. Pricing plays a role in sale length, but there are no guarantees that a fairly priced business will sell quickly. Before you can list your floor waxing, polishing, and cleaning residential business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Negotiation 101
It's critical to negotiate from a position of strength. More often than not, the person with the most knowledge will come out on top in a floor waxing, polishing, and cleaning residential business negotiation. But before you can negotiate effectively, you need to have a clear sense of your minimum sale requirements. If you lack clarity about your goals, you're guaranteed to fall short of achieving of them. If you aren't sure what you need, put negotiations on hold until you gain a clearer understanding of your own deal parameters.
Share this article
Additional Resources for Entrepreneurs