Sell a Business for the Best Price
Selling a Pasta Restaurant
No one said selling your business in a depressed economy would be easy. Fortunately, a pasta restaurant sale isn't as scary as it seems.
With planning and patience, most pasta restaurants can be sold for a fair price in the current business-for-sale marketplace.
Armed with a deliberate selling strategy, sellers of pasta restaurants are finding qualified buyers, even in today's tough market.
What About Market Conditions?
No one plans to sell a pasta restaurant in a down economy. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. But when the economy fully rebounds, a shadow inventory of pasta restaurants will flood the market and drive prices down even further. The simple truth is that the economy shouldn't dictate whether or not now is the right time to sell a pasta restaurant. Your individual circumstances and personal goals are more influential factors in determining when it's time to put your business on the market.
Seller Financing
The shortage in today's marketplace isn't interested buyers -- it's capital. Thanks to more stringent commercial lending requirements, sellers have become de facto lenders, providing the financing buyers need to get their feet in the door. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Sale Costs
In a pasta restaurant 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. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. If you need to compensate employees to assist with the sale, their services should also be considered.
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