Business Exit Planning
Selling a Microbreweries Business
Market perceptions play a role in your ability to sell a microbreweries business. Yet great values are always received well in the business-for-sale marketplace. All it takes is a strategy to identify solid prospects and convert them to buyers.
Are most buyers timid about buying a microbreweries business in today's economic environment? You bet.
Many business owners don't know that microbreweries businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Promoting a microbreweries business Sale
The best microbreweries business sales incorporate comprehensive advertising plans. But confidentiality issues are a hurdle you'll need to address before you put your microbreweries business on the market. A highly publicized sale creates vulnerabilities that can be exploited by your competitors. The best way to advertise a microbreweries business is to enlist the assistance of a business broker who is skilled in locating and contacting prospective buyers.
Identifying Serious Buyers
Unfortunately, many of the prospects you will encounter aren't serious buyers. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. Your business broker can offer insights about how to quickly spot tire kickers. As a rule, they limit the amount of information that is provided in the initial stages of an engagement, waiting to reveal the juiciest details of the business until the prospect has been thoroughly vetted. Smart sellers may require prospects to provide background and financial information fairly early in the process as a way of verifying the financial capacity to close the deal.
Benefits of Third-Party Assistance
Rarely, if ever, do owners sell a microbreweries business without outside assistance. The enlistment of a qualified business broker is an excellent first step. Additionally, you may want to hire professionals for legal, valuation and other functions before you put your business on the market. In most cases, your sale strategy will call for the assistance of outside professionals at various stages throughout the process. Early recruitment makes it easier to execute your strategy without unnecessary interruptions.
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