Business Exit Planning
Selling a Monuments and Markers Cleaning Business
Forget about what you read in the paper -- monuments and markers cleaning businesses are being sold everyday and the business-for-sale market is poised for even greater growth in the months ahead.
According to the experts, there is currently a large volume of shadow inventory in the monuments and markers cleaning business market -- businesses that are waiting to be listed until the economy recovers.
If you're ready to move on, now is the right time to sell your monuments and markers cleaning business.
Working with Accountants
Professional accountants lend credibility to the financial preparation of a monuments and markers cleaning business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Business Valuation
Multiple valuation methods exist for a monuments and markers cleaning business. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. Using recent monuments and markers cleaning business sales as its foundation, the market method factors market conditions into the valuation process. All three methods have multiple variations and it's not uncommon for appraisers to use a combination of the three to determine the value of your business. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
Advertising Your Sale
The best monuments and markers cleaning business sales begin with a carefully planned advertising and promotional strategies. But if you think advertising your monuments and markers cleaning business will be the same as running a product promotion, think again. Multiple factors complicate business-for-sale advertising, not the least of which is the fact that you don't want your competition to know that your company is on the market. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. Business brokers are skilled at publicizing monuments and markers cleaning business sales while maintaining the confidentiality that is critical to your business.
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