Exit Planning Tips
Selling a Hermetic Seals Business
It's a misconception that no one is buying hermetic seals businesses these days. Savvy entrepreneurs see hermetic seals business opportunities as a path to short-term profits and long-term growth. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
The economy isn't the only thing that is uncertain these days. So are hermetic seals business buyers, many of whom are waiting to pull the trigger on their next acquisition.
Although we understand why sellers are hesitant, we're also seeing enough business sales to know that if you want to sell a hermetic seals business, you can - even in today's economy. We'll tell you what you need to know to achieve a successful sale outcome
Timing the Market
Timing is everything when it comes to selling a hermetic seals business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on hermetic seals businesses. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
Selecting a Broker
First-rate business brokers deliver prospects and profits to their clients. During the selection process, look for brokers with a proven track record of successful hermetic seals business sales. Take our word for it -- hermetic seals businesses are unique businesses and you need a broker who understands how to properly market your hermetic seals business to prospective buyers. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling hermetic seals businesses.
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized hermetic seals business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. It's common for sellers to finance as much as 70% of the purchase price with a payoff period of four or five years, sometimes in the form of a balloon payment at the end of the repayment period.
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