Sell a Business for the Best Price
Selling a Pastry Shops Business
There are no guarantees when you sell a pastry shops business. But our tips will equip you with the information you need to increase the likelihood of a successful sales outcome.
Dire economic forecasts have forced many pastry shops business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
Although we understand why sellers are hesitant, we're also seeing enough business sales to know that if you want to sell a pastry shops business, you can - even in today's economy. With the right information and strategy, you could be well on your way to a successful sale
Working with Accountants
Professional accountants lend credibility to the financial preparation of a pastry shops business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Advertising Your Sale
Successful pastry shops business sales begin with a carefully planned advertising and promotional strategies. But confidentiality issues are a hurdle you'll need to address before you put your pastry shops business on the market. A highly publicized sale creates vulnerabilities that can be exploited by your competitors. Business brokers are skilled at publicizing pastry shops business sales while maintaining the confidentiality that is critical to your business.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your pastry shops business's physical assets. But you'll need to commission your own appraisal before you put your pastry shops business on the market to arm yourself with information for the negotiation phase. Without an accurate assessment of asset values it's impossible to intelligently negotiate on price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your pastry shops business.
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