Sell a Business for the Best Price
Selling a Pet Transportation Services Business
We hear from a lot of business owners who are timid about listing their pet transportation services business. Despite the mood of the market, we think there are still opportunities to receive a good price for your pet transportation services business. Here's what you need to know . . .
Are most buyers timid about buying a pet transportation services business in today's economic environment? You bet.
In order to market a pet transportation services business in this environment, sellers need to make a strong case for buyers to purchase at or near the asking price.
Before You Sell
The upfront time you investment in the sale of your pet transportation services business will pay big dividends at closing. The first item on your checklist should be a reality check -- if you plan to sell your business for top dollar in just a few short months, you need to adjust your expectations%However, your first priority should be to set realistic expectations for the selling process and its eventual outcome. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.
Hiring an Attorney
There is no way around the requirement to hire professional legal assistance when you sell your pet transportation services business. A good lawyer serves a variety of functions during the process. In addition to reviewing the letter of intent, sales contract, and other documents, your attorney should be capable of advising you about due diligence and the tax consequences of the sale. It's helpful to introduce your attorney to your broker to facilitate a smooth sale and a productive working relationship.
The Case for Confidentiality
Highly publicized pet transportation services business sales are risky pet transportation services businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. We recommend consulting a business broker to learn how you can simultaneously identify prospective buyers and maintain a confidential sale environment.
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