Business Exit Planning
Selling a Marble Tiles Business
Business-for-sale markets are susceptible to a variety of influences. As you know, the marble tiles business marketplace has been a shaky environment for sellers. 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 tiles business during challenging economic times.
A business exit is always a trying experience. But when you need to sell your marble tiles business in a depressed economy, the challenges can seem insurmountable.
If you're ready to move on, now is the right time to sell your marble tiles business.
Finding Prospects
Whether you know it or not, prospective buyers for your marble tiles business are all around you. In fact, there is a good chance you already know several individuals or companies that might be interested in buying your business for a decent price. Although some marble tiles business sellers advertise their businesses in general classifieds, the most successful sales are those in which professional brokers seek out likely buyers. Competitors may seem like natural prospects and they are. The downside is that they won't pay top dollar and will probably absorb your company into their own.
Maximizing Sales Price
There are no simple ways to sell a marble tiles business. If you don't know what you're doing, your business could languish on the market for months or even years. A business broker handles much of the legwork involved in the sale. 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. Time after time, sellers who hire qualified brokers are more satisfied with the sales process - and the price they receive for their marble tiles businesses.
Seller Financing
The shortage in today's marketplace isn't interested buyers -- it's capital. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized marble tiles 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.
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