Exit Planning Techniques By Market
Selling a Fur Cleaning and Storage Business
You've heard the naysayers - now isn't the time to sell a fur cleaning and storage business. But what they don't know is that many entrepreneurs see fur cleaning and storage businesses as a smart business investment.
When the economy recovers, we expect to see a sudden influx of fur cleaning and storage 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.
If your exit strategy involves selling a fur cleaning and storage business these days, sellers need to make a strong case for buyers to purchase at or near the asking price.
Why Confidentiality Matters
In the business-for-sale universe, publicity translates into risk. If you are rigorous about maintaining a confidential sale, there is little risk in putting your fur cleaning and storage business on the market. When and if your sale becomes public knowledge, competitors can use that information to weaken your position in the marketplace. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.
Current Market Conditions
No one plans to sell a fur cleaning and storage business in a down economy. Entrepreneurs and investors still exhibit healthy skepticism, despite initial indication that recovery has begun. Despite the risks, sellers need to be cognizant of the fact that there is a large volume of fur cleaning and storage businesses waiting to be listed until the economy rebounds. When that happens, the buyers' market will become even stronger and have a negative impact on prices. 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 fur cleaning and storage business as attractive as possible so to buyers right now.
Post-Sale Details
As your fur cleaning and storage businesssale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
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