Exit Planning Techniques By Market
Selling a Fundraising Merchandise and Supplies Retail Business
A good business is about more than dollars and sense. To make your fundraising merchandise and supplies retail business what it is today, you've had to fully invest yourself in its success. 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.
The fundraising merchandise and supplies retail business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.
Despite the conventional wisdom, we believe current economic conditions are right for selling a fundraising merchandise and supplies retail business. Here's how to do it . . .
Average Timeframes
From the day they decide to sell their company, the question that plagues many owners is how long it will take to sell their fundraising merchandise and supplies retail business. 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 fundraising merchandise and supplies retail business, you'll need to invest as much as a year in preparing it for prospective buyers. Once your business is ready for the marketplace, it could take an additional six months to a year to locate the right buyer.
How to Choose a Business Broker
A good business broker is your best bet for a fast and profitable business sale. In the fundraising merchandise and supplies retail business industry, experience is a must-have characteristic for qualified brokerage. As a practical matter, you'll also want to focus your search on brokers who have pre-existing relationships with attorneys, appraisers, and other professionals who can provide assistance at various stages of the process.
Business Assets
It's incumbent on buyers to commission their own appraisal of your fundraising merchandise and supplies retail business's physical assets. But you'll need to commission your own appraisal before you put your fundraising merchandise and supplies retail business on the market to arm yourself with information for the negotiation phase. A pre-sale appraisal is a prerequisite for because it offers insights about your assets' market value before you initiate conversations with prospective buyers. A pre-listing appraisal also gives you the opportunity to document the condition of your fundraising merchandise and supplies retail business's assets and possible even make repairs or upgrades to increase the total value of the operation.
Share this article
Additional Resources for Entrepreneurs