Exit Planning Tips
Selling a Hydromulching Services Business
Does the economy have you down? For exiting owners, the idea of listing their company now can be terrifying. Fortunately, a hydromulching services business sale isn't as scary as it seems.
Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
In our opinion, that kind of thinking doesn't make sense. In fact, this might be the perfect time to sell a hydromulching services business. We'll tell you what you need to know to achieve a successful sale outcome
How Much Does It Cost to Sell a hydromulching services business?
The calculation of your asking price should include a buffer to cover the expense of the sale process. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a hydromulching services business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Moving On
The decision to sell your hydromulching services business can't be made without adequate consideration of what will happen after the sale. many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
Why Confidentiality Matters
Highly publicized hydromulching services business sales are risky hydromulching services businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. If confidentiality is important to you (and it should be), your best bet is to consult with a professional business broker about maintaining a confidential hydromulching services business sale.
Share this article
Additional Resources for Entrepreneurs