Sell a Business for the Best Price
Selling a Pizza Wholesale and Manufacturers Business
The business-for-sale marketplace has experienced no shortage of uncertainty over the past several years. But pizza wholesale and manufacturers businesses haven't heard the news and are reporting steady action on the business-for-sale market.
Like it or not, a pizza wholesale and manufacturers business sale is a complicated affair, made even more difficult by the emotions associated with leaving a business you've poured your life into. In our experience, a common owner concern is how the sale will affect customers and employees.
Many business owners don't know that pizza wholesale and manufacturers businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
How to Work with Business Brokers
Many sellers employ business brokers to manage the details and direction of their sale. Brokerage is particularly common in the pizza wholesale and manufacturers business-for-sale market, where aggressive selling strategies are the norm. However, your broker will still expect you to materially participate in the sale of your business. Establish clear lines of communication with your broker and respond quickly to requests from prospective buyers. You should also assist your broker in listing your pizza wholesale and manufacturers business on BizBuySell.com and other online business-for-sale sites.
Leveraging Seller Concessions
It's becoming more difficult to sell a pizza wholesale and manufacturers business without considering seller concessions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. Other common seller concessions include staying on the mentor the new owner, non-compete clauses, and working as a consultant to mitigate the impact of new ownership.
Maintaining Objectivity
For most owners, the hardest part of selling a pizza wholesale and manufacturers business is remaining objective. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
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