Business Exit Planning
Selling a Motorcycle Transport Business
Market perceptions play a role in your ability to sell a motorcycle transport business. Yet great values are always received well in the business-for-sale marketplace. All it takes is a strategy to identify solid prospects and convert them to buyers.
You need to get a good price for your motorcycle transport business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
It may require a little finesse, but if you're prepared to take the next step in your entrepreneurial career then it's time to brave the motorcycle transport business market and locate potential buyers ASAP.
Preparing Family Members
Many sellers embarked on their motorcycle transport business sale without adequately considering the impact it will have on their families. Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. As a seller, you need to be sensitive to your family's feelings about the sale and make an effort to keep them informed about the process. Subsequently, selling a motorcycle transport business should allow opportunities for all family members to share their feelings and offer input about the sale process.
Selling to a Family Member
Selling a business to a family member might sound like the best of both worlds. You get an exit strategy, your motorcycle transport business stays in the family, and everyone is happy. Yeah, right. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. The best advice: if a family sale is a possibility, it needs to be handled objectively, with ample input from third-party advisors.
Selecting a Broker
A good business broker is your best bet for a fast and profitable business sale. In the motorcycle transport business industry, experience is a must-have characteristic for qualified brokerage. The chemistry you have with your broker is a consideration. If you don't connect with a specific broker, move on to someone else - even if the first broker looks great on paper.
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