Exit Planning Tips
Selling a Household Goods Moving and Storage Business
For the right sellers, the business-for-sale marketplace is a friendly environment for household goods moving and storage business opportunities. Although final sales prices vary, the best sales combine strategy and hard work to achieve desired outcomes.
The economy isn't the only thing that is uncertain these days. So are household goods moving and storage business buyers, many of whom are waiting to pull the trigger on their next acquisition.
Most household goods moving and storage businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Post-Sale Details
As your household goods moving and storage businesssale nears completion, there is a lot of work remaining to be done. There are several details that still need to be addressed. What will the ownership transition look like? Are you prepared to deal with the tax consequences of receiving a significant sum of money in exchange for your business? How will you prepare your employees for your inevitable exit from the business? If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
Sale Preparations for Your Household Goods Moving & Storage Business
The outcome of a business sale is largely determined prior to a market listing. Attractive household goods moving and storage business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Even though it may take years to adequately position your household goods moving and storage business, the amount of preparation you perform will have direct correlation on asking and sale prices. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.
Preparing Your Employees
As a business owner, you want to keep you employees informed about your plans; as a seller it's in your best interest to keep your employees in the dark for as long as possible. The more people who know that the business is on the market, the riskier the sale becomes. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. So at some point you will have to resign yourself to the idea of telling some or all of your employees that you have listed the household goods moving and storage business on the market. 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.
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