Exit Planning Tips
Selling a Hydraulic Oils Business
Despite the pessimistic mood of many sellers, your hydraulic oils business can be a high value acquisition target for ambitious entrepreneurs -- even in today's tough economy.
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.
For sellers who are willing to perform adequate sale preparation, the numbers make hydraulic oils businesses a solid investment for qualified buyers in the business-for-sale marketplace.
Selling to a Family Member
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based hydraulic oils business sale can be more complicated than selling to a stranger. In fact, selling your hydraulic oils business to a family member can quickly become a no-win proposition. Unless you have agreed to treat the family member like any other buyer, the risk of hard feelings among other potential heirs or family members is high. The best advice: if a family sale is a possibility, it needs to be handled objectively, with ample input from third-party advisors.
Timing Your hydraulic oils business Sale
When is it the right time to sell your hydraulic oils business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling hydraulic oils business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the hydraulic oils business marketplace. With fewer hydraulic oils businesses on the market, there are ample opportunities for sellers to capture the attention of qualified buyers.
Sale Costs
In a hydraulic oils business sale, pricing is based on a number of factors, including the costs incurred during the sale. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Professional consultations can also represent a significant expense during the course of a hydraulic oils business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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