Sell a Business for the Best Price
Selling a Phone Equipment and Systems Service and Repair Business
We hear it all the time: 'This economy is a hostile environment for a business sale.' However, phone equipment and systems service and repair businesses haven't heard the news and are reporting steady action on the business-for-sale market.
You need to get a good price for your phone equipment and systems service and repair business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Too often phone equipment and systems service and repair business sellers fail to receive fair market value for their businesses. With the right strategy, your sale doesn't have to end that way.
Leveraging Industry Connections
Today's phone equipment and systems service and repair business buyers can be found in a variety of locations. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. But industry connections can also be a valuable source of leads. Time and time again, successful phone equipment and systems service and repair business sales emerge from relationships within the industry. The challenge is to leverage industry connections while keeping knowledge of the sale hidden from your competitors. Your broker may be able to offer strategies for promoting your sale within your network while maintaining some remnant of a confidential sale.
Valuation Methods
Multiple valuation methods exist for a phone equipment and systems service and repair business. Appraisals based on the asset method gauge value as a factor of the company's real property and non-tangible assets; appraisals based on the income method consider the business's anticipated revenue. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. All three methods have multiple variations and it's not uncommon for appraisers to use a combination of the three to determine the value of your business. To drive up your sale price, position your phone equipment and systems service and repair business by improving variables like assets, revenue and profitability during the years leading up to a sale.
Economic Considerations
Think a phone equipment and systems service and repair business sale is simple? Think again. Interest rates, spending, inflation, and other variables directly influence how long your phone equipment and systems service and repair business will be on the market as well as its sales price. If you base the decision to sell your phone equipment and systems service and repair business solely on the market, you may be in for a long wait. Rather than watching the economy, we recommend watching buyers and tailoring your business to meet their investment expectations. When it comes to selling a phone equipment and systems service and repair business, successful sales sales often boil down to the business itself - not the economy.
Share this article
Additional Resources for Entrepreneurs