Business Exit Planning
Selling a Movers and Moving Companies Business
The decision to sell your movers and moving companies business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.
It's a fact: Successful business sales take time.
If your exit strategy involves selling a movers and moving companies business now, sellers need to make a strong case for buyers to purchase at or near the asking price.
Laying the Groundwork
Effective movers and moving companies business preparation focuses on communicating 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. Financial statements, appraisals, operations manuals and other documents lay the foundation for your movers and moving companies business sale, creating incentives for prospects to agree to a higher asking price.
Sale Costs
In a movers and moving companies business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a movers and moving companies business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your movers and moving companies business's inventory, equipment, and physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. When you conduct your appraisal of your assets, note their condition and include it in the information packet you prepare for prospective buyers.
Share this article
Additional Resources for Entrepreneurs