Sell a Business for the Best Price
Selling a Pizza Equipment and Supplies Business
No one said selling your business in a depressed economy would be easy. But selling your pizza equipment and supplies business doesn't have to be as daunting as it sounds.
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 pizza equipment and supplies business.
Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your pizza equipment and supplies business.
Selling a Pizza Equipment & Supplies Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. However, some employees feel they are entitled to special treatment and pricing, especially if they have played a key role in the company's success. A seller-financed deal may be necessary unless the employee has significant assets or investor backing.
Adjusting Expectations
When you made the decision to sell your pizza equipment and supplies business, you had a specific set of outcomes in mind. 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 pizza equipment and supplies business. If buyers don't seem to be willing to meet your expectations, consult with your broker to modify your strategy and market approach.
Moving On
The decision to sell your pizza equipment and supplies business can't be made without adequate consideration of what will happen after the sale. many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. 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.
Share this article
Additional Resources for Entrepreneurs