Smart Exit Planning Strategies for Niche Markets
Selling a Glass Doors Business
We hear from a lot of business owners who are timid about listing their glass doors business. Despite the mood of the market, we think there are still opportunities to receive a good price for your glass doors business. Here's what you need to know . . .
In a down economy, many glass doors business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of glass doors businesses that are actually for sale.
Too often glass doors business owners fail to receive fair market value for their businesses. That's unfortunate because all it takes to get a fair price in today's market is ample planning and an awareness of what's important to buyers.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your glass doors business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. When you conduct your appraisal of your assets, note their condition and include it in the information packet you prepare for prospective buyers.
Maximizing Sales Price
There are no simple ways to sell a glass doors 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. Time after time, sellers who hire qualified brokers are more satisfied with the sales process - and the price they receive for their glass doors businesses.
Emotional Considerations
Prepare yourself to feel a broad range of emotions when you sell a glass doors business. From hopefulness to remorse, it's all part of exiting of your company. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Accurate expectations, a solid strategy and a strong support system can be valuable resources for coping with the personal impact of the sale.
Share this article
Additional Resources for Entrepreneurs