Sell a Business for the Best Price
Selling a Pipe Cleaning Service Business
The decision to sell your pipe cleaning service business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.
These days, the small and medium-sized business market is more confusing than ever before. Although there are plenty of entrepreneurs who want to buy a pipe cleaning service business, capital restrictions are holding them back.
More than a few pipe cleaning service business sellers sell for a price that is well below market value. With the right strategy, your sale doesn't have to end that way.
Leveraging Seller Concessions
In the current marketplace, seller concessions can make the difference between a business sale and a pipe cleaning service business that languishes on the market for months or even years. In a down economy sellers become bankers; an unwillingness to finance at least part of the sale of a pipe cleaning service business can translate into a dead deal. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Timing the Market
Worried about timing? Believe it or not, this could be an advantageous time to put a pipe cleaning service business up for sale. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on pipe cleaning service businesses. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. At Gaebler, we recognize the value of timing the sale of your pipe cleaning service business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
Maximizing Sales Price
If you haven't sold a business before, may be surprised by the time investment that is required to sell a pipe cleaning service business. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. Seller fatigue is a real concern - if your business sits on the market too long, you will be tempted to sell below your expectations. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their pipe cleaning service businesses.
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