Sell a Company Niche Market Guides
Selling a Liquor Store
In any market, there are sellers and then there are serious sellers. We'll give you the tools you need to be taken seriously when you decide to sell your liquor store.
You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a liquor store.
Success is a factor of preparation, execution and a keen eye for the market. As a business seller, you need to go into the process with the mental goal of presenting your business in the best possible light.
Sale Costs
In a liquor store 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. Professional consultations can also represent a significant expense during the course of a liquor store sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Sweetening the Deal
Seller concessions sweeten the deal for buyers and are a necessary fixture in a sluggish economy. Although a lower asking price is the ultimate seller concession, a price reduction isn't the only way to attract serious buyers. It's not unusual for sellers to offer non-cash incentives to help inexperienced entrepreneurs get off to a successful start. A limited amount of training and mentoring may seem inconsequential to you, but to a young liquor store owner, they can be critical launching points for their ownership journey.
Preparing Your Liquor Store for Sale
Like it or not, a good business sale takes time. Profitable liquor store listings are the culmination of a preparation process that began months or even years ahead of time. Even though it may take years to adequately position your liquor store, the amount of preparation you perform will have direct correlation on asking and sale prices. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.
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