Sell a Business for the Best Price
Selling a Plastering Contractors Business
Owning a plastering contractors business hasn't always been a bed of roses, but it's been worth the effort. Before you walk away, you have one more challenge to overcome: A successful and profitable business sale.
It's a fact: Successful business sales take time.
Despite the conventional wisdom, we believe current economic conditions are right for selling a plastering contractors business. With the right information and strategy, you could be well on your way to a successful sale
Preparing Family Members
You're ready to sell your plastering contractors business, but is your family prepared for the transition? Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. To keep the family intact, the sale of a plastering contractors business often begins with a family conversation and a mutual decision to move on the next stage of life.
Buyer Identification
It's difficult to predict where the buyer of your plastering contractors business will come from. So you'll need to take a diverse approach to identifying prospective buyers. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Networking is another useful tool in locating buyers. It might surprise you to learn how many plastering contractors business buyers emerge from conversations with peer groups, vendors, and business associations. In some cases, leads obtained through networking are preferred because they come with personal recommendations.
Leveraging Industry Connections
Today's plastering contractors business buyers can be found in a variety of locations. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. For more targeted lead generation, consider tapping into your network of industry contacts. When leveraging industry relationships for sales prospects, you'll need to be cognizant of the potential for competitors to use knowledge of your sale against you in the marketplace. Your broker may be able to offer strategies for promoting your sale within your network while maintaining some remnant of a confidential sale.
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