Business Exit Planning
Selling a Motion Picture Set Design and Construction Business
We hear from a lot of business owners who are timid about listing their motion picture set design and construction business. Despite the mood of the market, we think there are still opportunities to receive a good price for your motion picture set design and construction business. Here's what you need to know . . .
You need to get a good price for your motion picture set design and construction business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Although it takes hard work and dedication, if it's time to exit your motion picture set design and construction business there is a good chance you can sell it for a good price -- even in today's market.
Sale Documents
In a motion picture set design and construction business sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . The price described in the Letter of Intent may fluctuate based on information that is revealed during due diligence, but the inclusion of new requirements in the final contract could be a deal killer. Never sign a Letter of Intent until it has been properly reviewed by your attorney and you are in complete agreement with everything it contains.
Negotiation Teams
Business sellers are sometimes surprised to find themselves in the position of negotiator-in-chief. When you sell your motion picture set design and construction business, your business brokers may or may not be willing to conduct negotiations for you. Negotiation is a chess game, best played with the resources and backend support of a negotiation team. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.
Economic Considerations
When you sell a motion picture set design and construction 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. A much better approach is to focus on the factors that always attract buyers and investors. When it comes to selling a motion picture set design and construction business, successful sales sales often boil down to the business itself - not the economy.
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