Exit Planning Tips
Selling a Home Repairs and Maintenance Referral Services Business
Business-for-sale markets are susceptible to a variety of influences. As you know, the home repairs and maintenance referral services business industry has seen more than its share of fluctuations in business values. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling a home repairs and maintenance referral services business during challenging economic times.
You need to get a good price for your home repairs and maintenance referral services business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
At Gaebler, we think waiting for the economy to rebound is a mistake for many business owners. Selling a home repairs and maintenance referral services business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Professional Appraisals
An experienced appraiser is part and parcel of a successful home repairs and maintenance referral services business sale. Leading industry appraisers equip sellers with a value gauge that can be accessed during negotiations. Following the appraisal, you may choose to delay your sale until you can increase the value of assets and revenue.
Workforce Concerns
Business sellers walk a fine line when it comes to preparing their employees for a sale. You're concerned about confidentiality, and rightfully so. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. When that happens, it's best to have a frank conversation with your team rather than allowing rumors to circulate through the organization. Your employees will undoubtedly have many questions about their future with the company. Try to answer their questions to the best of your ability, but avoid making any promises that you are not authorized to make.
Average Timeframes
Hoping for a quick home repairs and maintenance referral services business sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your home repairs and maintenance referral services business, you'll need to invest as much as a year in preparing it for prospective buyers. Once your business is ready for the marketplace, it could take an additional six months to a year to locate the right buyer.
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