Smart Exit Planning Strategies for Niche Markets
Selling a Gas Plumbing Equipment and Supplies Business
Don't believe anyone who tells you it's easy to sell a gas plumbing equipment and supplies business. A lot of things need to happen before you can successfully exit your business. We'll tell you how to thrive in the middle of it and get top dollar for your company.
The economy isn't the only thing that is uncertain these days. So are gas plumbing equipment and supplies business buyers, many of whom are waiting to pull the trigger on their next acquisition.
The economy hasn't squashed the market for gas plumbing equipment and supplies businesses. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.
Before You Sell
The upfront time you investment in the sale of your gas plumbing equipment and supplies business will pay big dividends at closing. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. The most common seller concession is seller financing. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Tapping Into Business Networks
These days, gas plumbing equipment and supplies business buyers are an extremely diverse group with backgrounds in and outside of the industry. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. For more targeted lead generation, consider tapping into your network of industry contacts. When leveraging industry relationships for sales prospects, you'll need to be cognizant of the potential for competitors to use knowledge of your sale against you in the marketplace. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.
Share this article
Additional Resources for Entrepreneurs