Mastering Niche Market Exit Planning
Selling a Nets and Netting Retailer
Don't believe anyone who tells you it's easy to sell a nets and netting retailer. A lot of things need to happen before you can successfully exit your business. Good advice can be hard to come by, so we've put together a few proven suggestions to help you see your sale through to a profitable conclusion.
You need to get a good price for your nets and netting retailer. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Eventually, it will the time will come to exit your business. As a consequence, you have a substantial stake in knowing how to receive maximum price for your nets and netting retailer.
Dealing with Tire Kickers
Unfortunately, many of the prospects you will encounter aren't serious buyers. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. Good business brokers are adept at separating serious buyers from the rest of the pack. Never provide detailed information about your nets and netting retailer until the prospect has been qualified as a serious buyer.
Setting the Stage
Effective nets and netting retailer preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a nets and netting retailer to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium nets and netting retailer opportunity.
Brokerage Benefits
A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Brokerage isn't cheap. But even though you can spend as much as 10% of the sale price on a good broker, you'll likely achieve decent ROI through an improved final sale price.
Share this article
Additional Resources for Entrepreneurs