Business Exit Planning
Selling a Mats and Matting Wholesale and Manufacturers Business
The sale of your mats and matting wholesale and manufacturers business is the culmination of this stage of your entrepreneurial journey. Although most business owners expect a storybook ending, it will take the careful application of sound selling principles to bring your sale to a successful conclusion.
The buzz in the marketplace is that now isn't the right time to sell a mats and matting wholesale and manufacturers business. Consequently, sellers are holding their businesses off the market until they are sure the market will sustain their asking prices.
To achieve your goals, you'll need to know the market as well as key business selling techniques. Since your future goals depend on the outcome of your sale, you'll need to have your head in the game from Day One.
Broker vs. No Broker
The decision of whether or not to hire a business broker should never be taken lightly. Although brokerage fees can be substantial, the right broker can reduce the amount of time your mats and matting wholesale and manufacturers business sits on the market. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
The Case for Confidentiality
Highly publicized mats and matting wholesale and manufacturers business sales are risky mats and matting wholesale and manufacturers businesssales. If you are rigorous about maintaining a confidential sale, there is little risk in putting your mats and matting wholesale and manufacturers business on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. We recommend consulting a business broker to learn how you can simultaneously identify prospective buyers and maintain a confidential sale environment.
What About Market Conditions?
No one plans to sell a mats and matting wholesale and manufacturers business in a down economy. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. Despite the risks, sellers need to be cognizant of the fact that there is a large volume of mats and matting wholesale and manufacturers businesses waiting to be listed until the economy rebounds. When that happens, the buyers' market will become even stronger and have a negative impact on prices. So what's our point? The economy isn't the most important factor in the sale of your business. Instead, you should be focusing on making your mats and matting wholesale and manufacturers business as attractive as possible so to buyers right now.
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