Business Exit Planning
Selling a Metal Stamping Coolants Business
Does the economy have you down? For exiting owners, the idea of listing their company now can be terrifying. Fortunately, a metal stamping coolants business sale isn't as scary as it seems.
Market timing is a perennial problem for business sellers.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to metal stamping coolants businesses that exhibit strong financials and potential for future growth.
Selling a Metal Stamping Coolants Business to an Employee
Although it may seem easier to sell your metal stamping coolants business to an employee, this approach also has some pitfalls. A faithful employee may have the motivation and ability to continue to operate the business. The time and expense of locating the right buyer will be nonexistent and you won't have to spend weeks showing the buyer every square inch of the company. However, some employees feel they are entitled to special treatment and pricing, especially if they have played a key role in the company's success. A seller-financed deal may be necessary unless the employee has significant assets or investor backing.
How Much Does It Cost to Sell a metal stamping coolants business?
In a metal stamping coolants 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 metal stamping coolants business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Preparing for What's Next
So you've decided to sell your metal stamping coolants business. That's great -- but have you considered what's next? Are you moving on to another business venture? Are you retiring? Although next steps may seem inconsequential, they actually play an important role in shaping the structure of the sale of your metal stamping coolants business. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
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