Exit Planning Tips
Selling a Housing Authorities Business
Selling a housing authorities business doesn't happen overnight. It takes a deliberate process to get top dollar for your company.
You're optimistic about the economy and so are we. Now the challenge is to convert business buyers who may have a more skeptical outlook.
In today's market, there is still plenty of room for housing authorities businesses that demonstrate solid earning capacity and a robust market position.
Business Valuation
Professional appraisers can use three methods to determine the value ofa housing authorities business: The income method, the asset method and the market method. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
Maximizing Sales Price
There are no simple ways to sell a housing authorities business. If you don't know what you're doing, your business could languish on the market for months or even years. Many sellers find that hiring a business broker makes the demands of a sale much more tolerable. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their housing authorities businesses.
What to Expect in a Housing Authorities Business Sale
Prepare yourself to feel a broad range of emotions when you sell a housing authorities business. From hopefulness to remorse, it's all part of exiting of your company. Many sellers experience discouragement during a long sale process. Accurate expectations, a solid strategy and a strong support system can be valuable resources for coping with the personal impact of the sale.
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