Exit Planning Tips
Selling a Hunting Business
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet hunting businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
Dire economic forecasts have forced many hunting business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
For sellers who are willing to perform adequate sale preparation, the numbers make hunting businesses a solid investment for qualified buyers in the business-for-sale marketplace.
Promoting a hunting business Sale
The best hunting business sales incorporate comprehensive advertising plans. However, confidentiality and other concerns can present challenges, even for sales professionals. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. Business brokers are skilled at publicizing hunting business sales while maintaining the confidentiality that is critical to your business.
Professional Appraisals
An experienced appraiser is part and parcel of a successful hunting business sale. Leading industry appraisers equip sellers with a value gauge that can be accessed during negotiations. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.
Business Assets
It's incumbent on buyers to commission their own appraisal of your hunting business's real assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your hunting business.
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