Business Exit Planning
Selling a Motion Picture Equipment and Supplies Rental Business
There's a right way and a wrong way to sell a motion picture equipment and supplies rental business in today's economy. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.
We hear it all the time: "I'm waiting until the economy recovers to list my business."
Despite the conventional wisdom, we believe current economic conditions are right for selling a motion picture equipment and supplies rental business. With the right information and strategy, you could be well on your way to a successful sale
Setting the Stage
A successful motion picture equipment and supplies rental business sale begins with careful planning. Although you are convinced your business has value in the marketplace, the planning process establishes a framework for communicating its value to prospective buyers. A first-rate business broker can give your business an edge by facilitating the preparation process and orienting your presentation toward today's buyers. At a minimum, you'll want to position your business to receive the highest possible sale price, prepare a packet for prospective buyers and perform an initial appraisal before you put your motion picture equipment and supplies rental business on the market.
Equipment and Inventory Concerns
Buyers typically perform an independent appraisal of your motion picture equipment and supplies rental business's physical assets. Your appraisal should occur before you put your business on the market. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your motion picture equipment and supplies rental business.
Advantages of Hiring a Broker
A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. Even more, the best brokers have a track of record of discreetly identifying likely buyers and contacting them on your behalf. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
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