Sell a Business for the Best Price
Selling a Pavement and Parking Area Maintenance and Marking Business
The decision to sell your pavement and parking area maintenance and marking 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.
The pavement and parking area maintenance and marking business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.
Many business owners don't know that pavement and parking area maintenance and marking businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Advantages of Hiring a Broker
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.
Family Business Sale Tips
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based pavement and parking area maintenance and marking business sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
Maintaining Objectivity
Emotions run high during the sale of a pavement and parking area maintenance and marking business. You have invested yourself in making your pavement and parking area maintenance and marking business the success it is today, but in the eyes of prospective buyers, your operation is only worth fair market value. 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.
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