Sell a Business for the Best Price
Selling a Pipe Locating Service and Equipment Business
Many business leaders say that now isn't the time to try to sell a pipe locating service and equipment business. At Gaebler, we think it's a great time to sell a pipe locating service and equipment business. Here's why . . ..
Are most buyers timid about buying a pipe locating service and equipment business in today's economic environment? You bet.
Most pipe locating service and equipment businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Selling Time
Hoping for a quick pipe locating service and equipment business sale? You may be disappointed. The amount of time your business will be on the market depends on how aggressively it is priced and marketed. To adequately prepare your business listing, plan on spending six months to a year prior to listing. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Dealing with Tire Kickers
Many prospective buyers will have a strong desire to acquire your pipe locating service and equipment business. The bad news is that they will lack the financial capacity to close the deal. Even though tire kickers are a fact of life in any sale scenario, they sap valuable time and energy that could be spent identifying more serious prospects. If you aren't sure what to look for in a serious buyer, ask your broker for advice. It's likely that non-serious buyers will want to know everything about your pipe locating service and equipment business during their initial inquires. Avoid releasing details about your pipe locating service and equipment business until you have established that they have the financial capacity to make a legitimate offer.
How to Increase Sale Price
There are no simple ways to sell a pipe locating service and equipment business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. 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 locating service and equipment businesses.
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