Exit Planning Tips
Selling a Hosiery and Socks Wholesale and Manufacturers Business
With the economy limping along, many hosiery and socks wholesale and manufacturers business owners are hesitant to put their businesses on the market. At Gaebler, we think it's a great time to sell a hosiery and socks wholesale and manufacturers business. Here's why . . ..
Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a hosiery and socks wholesale and manufacturers business sale works.
Market timing is a constantly moving target. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a hosiery and socks wholesale and manufacturers business sale. You just need to know your buyers and structure the deal accordingly.
Leveraging Seller Concessions
It's becoming more difficult to sell a hosiery and socks wholesale and manufacturers business without considering seller concessions. By far, seller financing is the most sought-after concession, especially in the current economic environment. 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.
When Is the Right Time to Sell?
When is it the right time to sell your hosiery and socks wholesale and manufacturers business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling hosiery and socks wholesale and manufacturers business sellers to put their plans on hold until the economy fully rebounds. But despite the negativity that exists in some sectors, if you have a desire to sell your hosiery and socks wholesale and manufacturers business now, there is a high probability that you can sell it in the current market. The inventory of what we consider to be quality hosiery and socks wholesale and manufacturers businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Working with Accountants
Accountants lay the financial groundwork for a business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. You may also want your accountant to assist in the preparation of professional financials to present to serious buyers. In many instances, your accountant will be invaluable in evaluating prospective buyers' financial position and buying capacity.
Share this article
Additional Resources for Entrepreneurs