Exit Planning Tips
Selling a House and Pontoon Boats Rental Business
You've invested time, effort, and creativity into building your house and pontoon boats rental business. Now it's time to put that same kind of focus into selling it.
In a down economy, many house and pontoon boats rental business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of house and pontoon boats rental businesses that are actually for sale.
More than a few house and pontoon boats rental business owners fail to receive fair market value for their businesses. With the right strategy, your sale doesn't have to end that way.
Tips for Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized house and pontoon boats rental 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.
Tips for Working with A Business Broker
Many sellers employ business brokers to manage the details and direction of their sale. Brokerage is particularly common in the house and pontoon boats rental business-for-sale market, where aggressive selling strategies are the norm. But a good broker doesn't relieve your responsibility for contributing to the sale process. Like it or not, you are going to be an integral player in the sale of your house and pontoon boats rental business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
Laying the Groundwork
Effective house and pontoon boats rental business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a house and pontoon boats rental business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium house and pontoon boats rental business opportunity.
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