Business Exit Planning
Selling a Masquerade and Theatrical Make Up Wholesale and Manufacturers Business
Over the past few years, the masquerade and theatrical make up wholesale and manufacturers 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 masquerade and theatrical make up wholesale and manufacturers business during challenging economic times.
These days, the small and medium-sized business market is more confusing than ever before. Although there are plenty of entrepreneurs who want to buy a masquerade and theatrical make up wholesale and manufacturers business, capital restrictions are holding them back.
If your exit strategy involves selling a masquerade and theatrical make up wholesale and manufacturers business in this environment, business sellers may need to apply a combination of incentives and techniques.
Business Valuation
Multiple valuation methods exist for a masquerade and theatrical make up wholesale and manufacturers business. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. As a safeguard, consider conducting appraisals using variations of multiple appraisal methods. But regardless of the method that is used, it's always in the seller's best interest to increase revenue and asset values prior to a sale.
Realistic Expectations
Objectivity is a rare commodity in a business sale. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Sale Costs
In a masquerade and theatrical make up wholesale and manufacturers business 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 masquerade and theatrical make up wholesale and manufacturers business sale. Likewise, you'll need to consider how much it will cost to promote the sale as well as the lost time it will take for you and your team to navigate the sale process.
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