Business Exit Planning
Selling a Millwork Dealers Business
The decision to sell your millwork dealers business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.
An assortment of hurdles and obstacles stand between you and the successful sale of your millwork dealers business.
In our opinion, that kind of thinking doesn't make sense. In fact, this might be the perfect time to sell a millwork dealers business. We'll tell you what you need to know to achieve a successful sale outcome
When Is the Right Time to Sell?
When is it the right time to sell your millwork dealers business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling millwork dealers business sellers to put their plans on hold until the economy fully rebounds. At Gaebler, we have a much more optimistic view of your chances in the millwork dealers business-for-sale market. The inventory of what we consider to be quality millwork dealers businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Selling to a Family Member
There is no easy way to sell a millwork dealers business, not even to a family member. In fact, selling your millwork dealers business to a family member can quickly become a no-win proposition. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
Leveraging Industry Connections
Today's millwork dealers business buyers can be found in a variety of locations. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. More focused prospects are typically found within industry networks. When leveraging industry relationships for sales prospects, you'll need to be cognizant of the potential for competitors to use knowledge of your sale against you in the marketplace. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.
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