Business Exit Planning
Selling a Mobile Offices and Commercial Units Repair Business
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet mobile offices and commercial units repair businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
The business-for-sale market is just as frustrating for buyers as it is for sellers these days. There are lots of buyers who want to own a mobile offices and commercial units repair business, but have limited capital to get their foot in the door.
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a mobile offices and commercial units repair business.
Why Confidentiality Matters
Highly publicized mobile offices and commercial units repair business sales are risky mobile offices and commercial units repair businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. When and if your sale becomes public knowledge, competitors can use that information to weaken your position in the marketplace. Maintaining confidentiality isn't easy, but without it you won't get top dollar for your business. In a worse case scenario, a profitable mobile offices and commercial units repair business can be reduced to one that is struggling to survive. We recommend consulting a business broker to learn how you can simultaneously identify prospective buyers and maintain a confidential sale environment.
Average Timeframes
It's rarely possible to sell a mobile offices and commercial units repair business in a month or two. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your mobile offices and commercial units repair business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Sale Costs
In a mobile offices and commercial units repair business sale, pricing is based on a number of factors, including the costs incurred during the sale. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Professional consultations can also represent a significant expense during the course of a mobile offices and commercial units repair business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Share this article
Additional Resources for Entrepreneurs