Exit Planning Tips
Selling a House Plans Business
There are no guarantees when you sell a house plans business. But our tips will equip you with the information you need to increase the likelihood of a successful sales outcome.
Selling a house plans business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
In today's market, there is still plenty of room for house plans businesses that demonstrate solid earning capacity and a robust market position.
Family Business Sale Tips
There is no easy way to sell a house plans business, not even to a family member. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
What to Expect in a House Plans Business Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your house plans business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Although it isn't easy, you can mitigate the emotional impact of a house plans business sale by setting realistic expectations before you list your business.
Working with Appraisers
Next to your broker, a skilled appraiser is the person most capable of adding value to the price of your house plans business. Leading industry appraisers equip sellers with a value gauge that can be accessed during negotiations. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.
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