Business Exit Planning
Selling a Mold and Mildew Inspection and Removal Business
The decision to sell your mold and mildew inspection and removal 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.
When the economy recovers, we expect to see a sudden influx of mold and mildew inspection and removal businesses in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
Most mold and mildew inspection and removal businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Pros & Cons of a Sale to an Employee
There are both benefits and drawbacks to selling a mold and mildew inspection and removal business to an employee. 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. However, some employees feel they are entitled to special treatment and pricing, especially if they have played a key role in the company's success. Most of the time, employees also expect owners to finance a large portion of the sale. So if you aren't willing to finance the sale or need to get top dollar for your mold and mildew inspection and removal business, a sale to an employee is probably not a possibility.
Should I Hire a Business Broker?
Anyone who has ever sold a mold and mildew inspection and removal business has eventually needed to decide whether to use a business broker or go it alone. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your mold and mildew inspection and removal business much less painful. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your mold and mildew inspection and removal business on BizBuySell.com and other popular online business-for-sale listing sites.
Economic Considerations
When you sell a mold and mildew inspection and removal business, there are a number of variables you need to consider. A combination of economic conditions and market sentiment can complicate your sale. The truth is that perfect market conditions may never materialize. Rather than watching the economy, we recommend watching buyers and tailoring your business to meet their investment expectations. When it comes to selling a mold and mildew inspection and removal business, successful sales sales often boil down to the business itself - not the economy.
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