Business Exit Planning
Selling a Macrame and Macrame Supplies Business
You've heard the naysayers - now isn't the time to sell a macrame and macrame supplies business. But what they don't know is that many entrepreneurs see macrame and macrame supplies businesses as a smart business investment.
When it comes to selling a macrame and macrame supplies business, there are no shortcuts to success.
The business-for-sale market is extremely dynamic. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a macrame and macrame supplies business sale. To improve sale outcomes, you will simply need to tailor your macrame and macrame supplies business to today's buyers.
Selecting a Broker
First-rate business brokers deliver prospects and profits to their clients. During the selection process, look for brokers with a proven track record of successful macrame and macrame supplies business sales. Take our word for it -- macrame and macrame supplies businesses are unique businesses and you need a broker who understands how to properly market your macrame and macrame supplies business to prospective buyers. The chemistry you have with your broker is a consideration. If you don't connect with a specific broker, move on to someone else - even if the first broker looks great on paper.
Economic Considerations
When you sell a macrame and macrame supplies business, there are a number of variables you need to consider. Many would-be sellers are laser-focused on economic indicators, anxiously awaiting the perfect time to list their companies. The truth is that perfect market conditions may never materialize. A much better approach is to focus on the factors that always attract buyers and investors. When it comes to selling a macrame and macrame supplies business, successful sales sales often boil down to the business itself - not the economy.
Tips for Seller Financing
Business buyers are in a capital crunch. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized macrame and macrame supplies business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Share this article
Additional Resources for Entrepreneurs