Sell a Business for the Best Price
Selling a Pet Sitting and Day Care Business
Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your pet sitting and day care business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
It's a fact: Successful business sales take time.
The economy hasn't squashed the market for pet sitting and day care businesses. And the ones that are commanding the highest price tags are the ones with sellers who are committed to the sale process.
Laying the Groundwork
Effective pet sitting and day care business preparation focuses on communicating value to prospective buyers. In our experience, it pays to solicit the advice of a professional business broker as soon as possible. A good broker will guide you through the preparation stage and make sure you've covered all the bases. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium pet sitting and day care business opportunity.
When to End Negotiations
Negotiations have a way of dragging on forever. There are countless details that need to be hammered out before a Letter of Intent can be prepared and the process can move on to the due diligence stage. As the seller, you'll be on the front lines of negotiation and will need to know when it's time to bring negotiations to an end. In a pet sitting and day care business sale, a stalled negotiation can be an indication that the deal is dead. If you are adequately prepared, you'll know what your bottom line is -- and if the buyer is unwilling to meet your bottom line requirements or if negotiations are stalled, it's time to step back from the negotiating table and re-evaluate your options.
When the Sale Goes Off-Course
The pet sitting and day care business-for-sale marketplace is a mixed bag of brokered sales and solo efforts. Without brokerage, the risk of your sale going off-course is increased. If you decide to go solo and your business has been on the market for more than six months without a single buyer inquiry, it's time to hire a professional business broker. Lack of buyer enthusiasm or persistence indicates that something is wrong. The remedy is professional brokerage or a consultation with more experienced sellers.
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