Sell a Business for the Best Price
Selling a Pipe Fittings Business
You've invested time, effort, and creativity into building your pipe fittings business. To see your ownership role through to completion, you will need to exhibit similar diligence in selling your company.
You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a pipe fittings business.
Despite the overall mood of the marketplace, pipe fittings businesses are still an attractive investment, especially when sellers have invested time and energy in preparing their companies for a sale.
Preparing for What's Next
The decision to sell your pipe fittings business can't be made without adequate consideration of what will happen after the sale. Although next steps may seem inconsequential, they actually play an important role in shaping the structure of the sale of your pipe fittings business. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
Are You the Right Person to Sell Your Business?
An unassisted business sale is a double-edged sword. Few people know your business as well as you do. But your knowledge and personal insights about the pipe fittings business are also the problem. You see your company's potential. But buyers don't pay for potential - they pay for current market value. At a minimum, conduct an independent appraisal of the pipe fittings business to gain an objective sense of fair market value.
Business Assets
It's incumbent on buyers to commission their own appraisal of your pipe fittings business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your pipe fittings business.
Share this article
Additional Resources for Entrepreneurs