Exit Planning Techniques By Market
Selling a Four Wheel Drive Vehicles Service and Repair Business
Your four wheel drive vehicles service and repair business is a tangible reminder of the passion and dedication you've invested in your entrepreneurial career. Now it's time to put that same kind of focus into selling it.
When the economy recovers, we expect to see a sudden influx of four wheel drive vehicles service and repair businesses in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
More than a few four wheel drive vehicles service and repair business owners fail to receive fair market value for their businesses. Smart sellers know the value of their companies are prepared to identify buyers who are willing to pay top dollar.
Broker vs. No Broker
When selling a four wheel drive vehicles service and repair business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your four wheel drive vehicles service and repair business much less painful. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your four wheel drive vehicles service and repair business on BizBuySell.com and other popular online business-for-sale listing sites.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your four wheel drive vehicles service and repair business's real assets. Your appraisal should occur before you put your business on the market. 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 four wheel drive vehicles service and repair business.
Understanding Market Timing
Timing is everything when it comes to selling a four wheel drive vehicles service and repair business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on four wheel drive vehicles service and repair businesses. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
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