Exit Planning Tips
Selling a House Plans and Home Designers Business
A lot can go wrong during the sale of a house plans and home designers business these days. We'll tell you how to keep your sale and your future plans on track.
A business exit is always a trying experience. But when you need to sell your house plans and home designers business in a depressed economy, the challenges can seem insurmountable.
A business sale is always a sophisticated transaction and if you aren't prepared for it, your house plans and home designers business sale could have an unexpected outcome. To stay on course, you'll need sound strategy and meticulous execution on your side.
Buyer Concessions
Sellers aren't the only ones who can make concessions in a business sale. In many instances, sellers can request buyer concessions. Often, buyer concessions represent financial incentives that the seller receives in exchange for providing a non-cash benefit (e.g. training, financing, etc.. Like seller concessions, buyer concessions should be addressed during negotiations, before the preparation of a Letter of Intent.
When Is the Right Time to Sell?
If you're feeling like your tenure as the owner of the house plans and home designers business is coming to an end, the time to sell is now. Some experts are telling house plans and home designers business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the house plans and home designers business marketplace. The inventory of what we consider to be quality house plans and home designers businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Professional Appraisals
Next to your broker, a skilled appraiser is the person most capable of adding value to the price of your house plans and home designers business. Armed with a professional appraisal, both you and your broker can enter the negotiation stage with confidence. Even though you may disagree with the appraiser's value estimates, it's important to give your appraiser the information and independence he needs to present an objective opinion. To ensure accuracy, ask your broker to provide references for appraisers with industry experience.
Share this article
Additional Resources for Entrepreneurs