Smart Exit Planning Strategies for Niche Markets
Selling a Gloves Cleaning and Repair Business
You've heard the naysayers - now isn't the time to sell a gloves cleaning and repair business. But what they don't know is that many entrepreneurs see gloves cleaning and repair businesses as a smart business investment.
According to the experts, there is currently a large volume of shadow inventory in the gloves cleaning and repair business market -- businesses that are waiting to be listed until the economy recovers.
There is no simple way to sell a business. But the most prepared gloves cleaning and repair business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your gloves cleaning and repair business's physical assets. But you'll need to commission your own appraisal before you put your gloves cleaning and repair business on the market to arm yourself with information for the negotiation phase. Without an accurate assessment of asset values it's impossible to intelligently negotiate on price. A pre-listing appraisal also gives you the opportunity to document the condition of your gloves cleaning and repair business's assets and possible even make repairs or upgrades to increase the total value of the operation.
Tips for Working with A Business Broker
Business brokers are professional business sellers. Brokerage is particularly common in the gloves cleaning and repair business-for-sale market, where aggressive selling strategies are the norm. Brokerage doesn't replace the seller's requirement to be involved in the sale; it augments the seller's efforts and creates a more seamless sale process. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
Family Issues
You're ready to sell your gloves cleaning and repair business, but is your family prepared for the transition? Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. As a seller, you need to be sensitive to your family's feelings about the sale and make an effort to keep them informed about the process. Subsequently, selling a gloves cleaning and repair business often begins with a family conversation and a mutual decision to move on the next stage of life.
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