Sell a Business for the Best Price
Selling a Pipes Cutting and Threading Business
Many business leaders say that now isn't the time to try to sell a pipes cutting and threading business. At Gaebler, we think it's a great time to sell a pipes cutting and threading business. Here's why . . ..
Personal and professional concerns surround the sale of a pipes cutting and threading business. But have you considered how your customers, vendors and employees will handle the sale?
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a pipes cutting and threading business.
Are You the Right Person to Sell Your Business?
An unassisted business sale is a double-edged sword. Without a doubt, you have the most at stake in the outcome of your sale. That makes you the most passionate advocate for your pipes cutting and threading business in the business-for-sale marketplace. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. At a minimum, conduct an independent appraisal of the pipes cutting and threading business to gain an objective sense of fair market value.
Seller Financing
The shortage in today's marketplace isn't interested buyers -- it's capital. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized pipes cutting and threading business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Timing the Market
Now may be the best time to sell a pipes cutting and threading business. Although the economy is generally struggling, low interest rates make pipes cutting and threading businesses more attractive to entrepreneurs who want to get in the game. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
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