Sell a Business for the Best Price
Selling a Plant Shop Supplies Business
At first glance, an unstable economy would seem to be an unfriendly atmosphere for a plant shop supplies business sale. At Gaebler, we think it's a great time to sell a plant shop supplies business. Here's why . . ..
Selling a plant shop supplies business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a plant shop supplies business.
Broker vs. No Broker
When selling a plant shop supplies business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your plant shop supplies business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Current Market Conditions
No one plans to sell a plant shop supplies business in a down economy. Although the economy is gaining steam, recovery is slow and entrepreneurs are holding their cards close to their vests. However, many business sellers don't realize that a full economic rebound can have devastating consequences, particularly if sellers who have waited to list their businesses suddenly create a glut in the business-for-sale marketplace. So what's our point? The economy isn't the most important factor in the sale of your business. Instead, you should be focusing on making your plant shop supplies business as attractive as possible so to buyers right now.
Why Confidentiality Matters
Highly publicized plant shop supplies business sales are risky plant shop supplies businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. But if word leaks out to the wrong people, your competitors can use that information to steal business and damage your credibility. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.
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