Business Exit Planning
Selling a Marble Contractors Business
Business-for-sale markets are susceptible to a variety of influences. As you know, the marble contractors business industry has seen more than its share of fluctuations in business values. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling a marble contractors business in the current economic environment.
You've invested too much in your marble contractors business to let it be sold for less than its worth. But unless you adequately prepare for the sale, some lucky buyer may walk away with a huge discount.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to marble contractors businesses that exhibit strong financials and potential for future growth.
Maximizing Sales Price
There are no simple ways to sell a marble contractors 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. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their marble contractors businesses.
Timing the Market
Now may be the best time to sell a marble contractors business. With interest rates at all-time lows, it's easy to see why marble contractors businesses are an appealing investment opportunity for savvy investors. When the economy recovers there will be more marble contractors business buyers on the market, but higher interest rates could present challenges. At Gaebler, we recognize the value of timing the sale of your marble contractors business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
Business Assets
It's incumbent on buyers to commission their own appraisal of your marble contractors business's physical assets. But you'll need to commission your own appraisal before you put your marble contractors business on the market to arm yourself with information for the negotiation phase. A pre-sale appraisal is a prerequisite for because it offers insights about your assets' market value before you initiate conversations with prospective buyers. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your marble contractors business.
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