Business Exit Planning
Selling a Metal Doors, Sash, and Trim Wholesale and Manufacturers Business
No one said selling your business in a depressed economy would be easy. Fortunately, a metal doors, sash, and trim wholesale and manufacturers business sale isn't as scary as it seems.
Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a metal doors, sash, and trim wholesale and manufacturers business sale works.
Many business owners don't know that metal doors, sash, and trim wholesale and manufacturers businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Timing the Market
Now may be the best time to sell a metal doors, sash, and trim wholesale and manufacturers business. Although the economy is generally struggling, low interest rates make metal doors, sash, and trim wholesale and manufacturers businesses more attractive to entrepreneurs who want to get in the game. Sooner or later, rates will rise, increasing the risk for prospective buyers of metal doors, sash, and trim wholesale and manufacturers businesses. At Gaebler, we recognize the value of timing the sale of your metal doors, sash, and trim wholesale and manufacturers business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
Equipment and Inventory Concerns
During due diligence, the buyer will undoubtedly conduct his own appraisal of your metal doors, sash, and trim wholesale and manufacturers business's 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. When you conduct your appraisal of your assets, note their condition and include it in the information packet you prepare for prospective buyers.
Working with Accountants
Accountants lay the financial groundwork for a business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. You may also want your accountant to assist in the preparation of professional financials to present to serious buyers. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
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