Business Exit Planning
Selling a Mirror Hanging Service Business
No one said selling your business in a depressed economy would be easy. Fortunately, a mirror hanging service business sale isn't as scary as it seems.
The process of selling a mirror hanging service business can be one of the most stressful experiences of your entrepreneurial career.
Many mirror hanging service business sellers fail to receive fair market value for their businesses. With the right strategy, your sale doesn't have to end that way.
Post-Sale Details
As your mirror hanging service businesssale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
Timing the Market
Now may be the best time to sell a mirror hanging service business. With interest rates at all-time lows, it's easy to see why mirror hanging service businesses are an appealing investment opportunity for savvy investors. When the economy recovers there will be more mirror hanging service business buyers on the market, but higher interest rates could present challenges. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
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