Sell a Business for the Best Price
Selling a Pipe Reconditioning Business
No one said selling your business in a depressed economy would be easy. Fortunately, a pipe reconditioning business sale isn't as scary as it seems.
Market timing is a perennial problem for business sellers.
Many business owners don't know that pipe reconditioning businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Dealing with Your Emotions
Business sellers sometimes struggle to handle the emotions of a sale. You probably have good reasons for selling your pipe reconditioning business now, but that doesn't make the emotions you will experience any easier. Instead of feeling guilty about your emotions, take the time to process them with a mentor or friend. At the same time, it's helpful to consult with people who can help limit the influence of your emotions on negotiations and other aspects of the sale process.
Adjusting Expectations
Every business seller dreams of a fast sale and a fat payday. However, no one told the marketplace about your expectations. The outcome of your sale will be determined by market forces - not by your personal circumstances or desires. Despite your best efforts, you need to prepare yourself for the possibility of receiving less than you expected from the sale of your pipe reconditioning business. If price is the most important outcome, you may need to agree to seller financing or other concessions. If a fast sale is the highest priority, you may need to lower the asking price to quickly capture the attention of the marketplace.
Equipment and Inventory Concerns
Buyers typically perform an independent appraisal of your pipe reconditioning 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. When you conduct your appraisal of your assets, note their condition and include it in the information packet you prepare for prospective buyers.
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