Business Exit Planning
Selling a Motion Picture Laboratories Business
Maybe you're counting on your motion picture laboratories business to be a stepping stone to your next big business venture. Maybe it's your retirement fund. Either way, you need to maximize the price it gets in the business-for-sale marketplace.
Personal and professional concerns surround the sale of a motion picture laboratories business. But have you considered how your customers, vendors and employees will handle the sale?
But at Gaebler, we see motion picture laboratories businesses still selling at a brisk pace. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.
After the Sale
The way you exit your motion picture laboratories business is just as important as the way you sell it. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
Emotional Considerations
It's impossible to predict the emotional highs and lows you will experience during the sale of your motion picture laboratories business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Although it isn't easy, you can mitigate the emotional impact of a motion picture laboratories business sale by setting realistic expectations before you list your business.
Negotiation Teams
It's not unusual for motion picture laboratories business sellers to feel overwhelmed when they negotiate the sale of their business. Negotiation is a chess game, best played with the resources and backend support of a negotiation team. By enlisting the assistance of a negotiation team (senior leaders, experienced negotiators, etc.), you can improve the quality of your negotiation strategy and position yourself to receive top dollar for your motion picture laboratories business.
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