Sell a Business for the Best Price
Selling a Pizza Restaurant
A lot can go wrong during the sale of a pizza restaurant these days. With little room for error, your business sale has to feature the flawless execution of concepts that are driving today's business-for-sale marketplace.
You need to get a good price for your pizza restaurant. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Everybody loves a pizza. Why not open a pizza restaurant that you can call your own?
If you're ready to move on, now is the right time to sell your pizza restaurant.
When Is the Right Time to Sell?
When is it the right time to sell your pizza restaurant? If you're asking the question, now may be the time to put your business on the market. Some experts are telling pizza restaurant sellers to put their plans on hold until the economy fully rebounds. But despite the negativity that exists in some sectors, if you have a desire to sell your pizza restaurant now, there is a high probability that you can sell it in the current market. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Workforce Concerns
As a business owner, you want to keep you employees informed about your plans; as a seller it's in your best interest to keep your employees in the dark for as long as possible. You're concerned about confidentiality, and rightfully so. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. So at some point you will have to resign yourself to the idea of telling some or all of your employees that you have listed the pizza restaurant on the market. Maintain a positive tone in your conversations and answer your employees questions as completely as you can without jeopardizing the sale.
When the Sale Goes Off-Course
The pizza restaurant-for-sale marketplace is a mixed bag of brokered sales and solo efforts. Although there are exceptions, solo sales typically take longer and are less productive than brokered sales. As a rule, no business should sit on the market for more than six months without attracting the interest of at least a handful of qualified buyers. Lack of buyer enthusiasm or persistence indicates that something is wrong. The remedy is professional brokerage or a consultation with more experienced sellers.
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