Sell a Business for the Best Price
Selling a Paving Stones Business
We hear from a lot of business owners who are timid about listing their paving stones business. Despite the mood of the market, we think there are still opportunities to receive a good price for your paving stones business. Here's what you need to know . . .
In a down economy, many paving stones business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of paving stones businesses that are actually for sale.
If you're ready to move on, now is the right time to sell your paving stones business.
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. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
Laying the Groundwork
In addition to improving profitability and market share, planning the sale of your business will require you to think about how you will present your company to buyers. A first-rate business broker can give your business an edge by facilitating the preparation process and orienting your presentation toward today's buyers. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium paving stones business opportunity.
Business Assets
It's incumbent on buyers to commission their own appraisal of your paving stones business's physical assets. Your appraisal should occur before you put your business on the market. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale 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 paving stones business.
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