Business Exit Planning
Selling a Mobile and Modular Home Washing and Cleaning Business
Think mobile and modular home washing and cleaning business sales have dwindled to a standstill? Think again. Here's what you need to know to get a fair price for your company.
You're optimistic about the economy and so are we. Now the challenge is to convert business buyers who may have a more skeptical outlook.
You'll always have an excuse for not putting your business on the market. With hard work and dedication, your mobile and modular home washing and cleaning business can be sold at or above fair market value right now.
Legal Considerations
It's obvious that you're going to need to hire an attorney to finalize the sale of your mobile and modular home washing and cleaning business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Selling a Mobile & Modular Home Washing & Cleaning Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based mobile and modular home washing and cleaning business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
Pre-Sale Checklist
There is a lot of work that needs to be done before you're ready to sell your mobile and modular home washing and cleaning business. The first item on your checklist should be a reality check -- if you plan to sell your business for top dollar in just a few short months, you need to adjust your expectations%However, your first priority should be to set realistic expectations for the selling process and its eventual outcome. Armed with a realistic timeframe and asking price, you can begin to consult with your broker about the best way to approach likely buyers.
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