Tips to Improve Exit Planning
Selling a Jet Skis Service and Repair Business
Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your jet skis service and repair business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
You'll always have an excuse for not putting your business on the market. Selling a jet skis service and repair business isn't easy, but we believe sellers can achieve their goals in any economic environment.
When Is the Right Time to Sell?
When is it the right time to sell your jet skis service and repair business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling jet skis service and repair business sellers (or would-be sellers) to take a wait and see approach. At Gaebler, we have a much more optimistic view of your chances in the jet skis service and repair business-for-sale market. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Maximizing Sales Price
There are no simple ways to sell a jet skis service and repair business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. Seller fatigue is a real concern - if your business sits on the market too long, you will be tempted to sell below your expectations. So what's the lesson? In most cases, hiring a business broker is one of the best things you can do to maximize sales price.
Selling a Jet Skis Service & Repair Business to an Employee
Although it may seem easier to sell your jet skis service and repair business to an employee, this approach also has some pitfalls. A faithful employee may have the motivation and ability to continue to operate the business. The time and expense of locating the right buyer will be nonexistent and you won't have to spend weeks showing the buyer every square inch of the company. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based jet skis service and repair business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
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