Sell a Business for the Best Price
Selling a Picture Frames Wholesale and Manufacturers Business
We hear from a lot of business owners who are timid about listing their picture frames wholesale and manufacturers business. Despite the mood of the market, we think there are still opportunities to receive a good price for your picture frames wholesale and manufacturers business. Here's what you need to know . . .
Selling a picture frames wholesale and manufacturers business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
Too often picture frames wholesale and manufacturers business sellers fail to receive fair market value for their businesses. With the right strategy, your sale doesn't have to end that way.
Advantages of Hiring a Broker
There are many reasons why hiring a broker makes sense in picture frames wholesale and manufacturers business sales. 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.
Sweetening the Deal
Today's picture frames wholesale and manufacturers business buyers expect sellers to offer concessions to persuade them to close the deal. Concessions can consist of non-cash as well as cash incentives. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. A limited amount of training and mentoring may seem inconsequential to you, but to a young picture frames wholesale and manufacturers business owner, they can be critical launching points for their ownership journey.
Economic Considerations
When you sell a picture frames wholesale and manufacturers business, there are a number of variables you need to consider. Many would-be sellers are laser-focused on economic indicators, anxiously awaiting the perfect time to list their companies. The truth is that perfect market conditions may never materialize. If you don't believe your picture frames wholesale and manufacturers business would sell for top dollar right now, what can you do to make it more attractive to the marketplace? Increase profitability? Build brand visibility?. One thing is for sure - buyers are paying more attention to your company's profitability and growth potential than they are to the latest quarterly economic indicators.
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