Business Exit Planning
Selling a Masonry Contractors Business
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 masonry contractors business.
Personal and professional concerns surround the sale of a masonry contractors business. In our experience, a common owner concern is how the sale will affect customers and employees.
But they're also savvy enough to know a good deal when they see it. Financial statements and ROI are essential in converting modern masonry contractors business prospects into buyers.
Moving On
The decision to sell your masonry contractors business can't be made without adequate consideration of what will happen after the sale. If you aren't sure what's next, you could be in trouble because future plans and selling strategy are inextricably connected. We frequently encounter business sellers who haven't thought enough about their futures to know whether certain concessions (e.g seller financing) are a real possibility. As a result, they make bad decisions during the sale and experience less-than-optimal outcomes.
Selecting a Broker
Good business brokers inevitably produce better business sales. No two masonry contractors business sales are alike. That means you'll want to look for a broker who has been around the block and possesses substantial experience selling businesses in the industry. 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.
Business Assets
It's incumbent on buyers to commission their own appraisal of your masonry contractors business's inventory, equipment, and physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your masonry contractors business.
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