Sell a Business for the Best Price
Selling a Pictures and Prints Wholesale and Manufacturers Business
With the economy struggling to rebound, the shadow inventory of pictures and prints wholesale and manufacturers businesses in the business-for-sale marketplace seems to be rising. That could make this the perfect time to list a successful pictures and prints wholesale and manufacturers business
Selling a pictures and prints 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.
More than a few pictures and prints wholesale and manufacturers business owners fail to receive fair market value for their businesses. Smart sellers know the value of their companies are prepared to identify buyers who are willing to pay top dollar.
Brokerage Benefits
A good broker can offer several benefits to business sellers. First, business brokers are in tune with the realities of the market and are skilled at helping owners make their businesses attractive to premium buyers. Second, a good business broker is a master at confidentiality locating pictures and prints wholesale and manufacturers business sale prospects and guiding sellers through negotiations. 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.
Buyer Concessions
Sellers aren't the only ones who can make concessions in a business sale. In many instances, sellers can request buyer concessions. Often, buyer concessions represent financial incentives that the seller receives in exchange for providing a non-cash benefit (e.g. training, financing, etc.. Like seller concessions, buyer concessions should be addressed during negotiations, before the preparation of a Letter of Intent.
Pre-Sale Checklist
There is a lot of work that needs to be done before you're ready to sell your pictures and prints wholesale and manufacturers business. 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. Armed with a realistic timeframe and asking price, you can begin to consult with your broker about the best way to approach likely buyers.
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