Business Exit Planning
Selling a Murals and Faux Finishes Business
We hear it all the time: 'This economy is a hostile environment for a business sale.' However, murals and faux finishes businesses haven't heard the news and are reporting steady action on the business-for-sale market.
Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell a murals and faux finishes business in today's market.
For sellers who are willing to perform adequate sale preparation, the numbers make murals and faux finishes businesses a solid investment for qualified buyers in the business-for-sale marketplace.
Why Confidentiality Matters
Highly publicized murals and faux finishes business sales are risky murals and faux finishes businesssales. If you are rigorous about maintaining a confidential sale, there is little risk in putting your murals and faux finishes business on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.
Maintaining Objectivity
Emotions run high during the sale of a murals and faux finishes business. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Should I Hire a Business Broker?
Anyone who has ever sold a murals and faux finishes business has eventually needed to decide whether to use a business broker or go it alone. Business brokers typically charge a 10% "success fee" when they sell a business, but they also handle many of the hassles that are associated with selling a murals and faux finishes business. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Share this article
Additional Resources for Entrepreneurs