Exit Planning Tips
Selling a Hunan Restaurant
Does the economy have you down? For exiting owners, the idea of listing their company now can be terrifying. But selling your Hunan restaurant doesn't have to be as daunting as it sounds.
In a down economy, many Hunan restaurant sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of Hunan restaurants that are actually for sale.
But the good news is that there is still demand for Hunan restaurants that present well and offer solid earning potential.
Turning the Tables: 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.. Asset exclusions, retained ownership shares and long-term contracts with another of the seller's companies can also be leveraged to extract concessions from buyers.
Understanding Market Timing
Worried about timing? Believe it or not, this could be an advantageous time to put a Hunan restaurant up for sale. With interest rates at all-time lows, it's easy to see why Hunan restaurants are an appealing investment opportunity for savvy investors. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. Market conditions can be intimidating. But your larger concern should be whether or not your business is ready to be presented to qualified sale prospects.
Selecting a Broker
Good business brokers inevitably produce better business sales. In the Hunan restaurant industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling Hunan restaurants.
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