Sell a Company Niche Market Guides
Selling a Lamps Mounting and Repair Business
You've learned a lot during your tenure as a lamps mounting and repair business owner. The next step is to position your business for the demands of the business-for-sale marketplace.
With planning and patience, most lamps mounting and repair businesses can be sold for a fair price in the current business-for-sale marketplace.
Too often lamps mounting and repair business owners cave under the pressure and settle for a lower sales price than they should. That's unfortunate because all it takes to get a fair price in today's market is ample planning and an awareness of what's important to buyers.
Finding Lamps Mounting & Repair Business Buyers
Qualified lamps mounting and repair business buyers come from a range of sources and backgrounds. Avoid pigeon-holing your search to a single buyer category. That means listing your lamps mounting and repair business in trade-specific directories as well as general business-for-sale databases. networking may also prove to be a valuable resource for identifying prospective buyers, but only to the extent that it can be done discreetly.
Preparing Family Members
Many sellers embarked on their lamps mounting and repair business sale without adequately considering the impact it will have on their families. In many cases, we find that even though business owners are equipped to handle their ownership exit, their family members are having a hard time letting go of the business, especially if family life has revolved around the demands of the lamps mounting and repair business. Unless everyone is prepared for it, the sale could have a devastating effect on your family. Subsequently, selling a lamps mounting and repair business should allow opportunities for all family members to share their feelings and offer input about the sale process.
Sale Costs
In a lamps mounting and repair business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Depending on your circumstances, you may also incur substantial expenses in hiring legal, appraisal and accounting professionals. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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