Sell a Business for the Best Price
Selling a Plastic Bag Sealers Business
Business-for-sale markets are susceptible to a variety of influences. As you know, the plastic bag sealers business industry has seen more than its share of fluctuations in business values. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling a plastic bag sealers business during challenging economic times.
When the economy recovers, we expect to see a sudden influx of plastic bag sealers businesses in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
Most plastic bag sealers businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Factoring In Economic Variables
When you sell a plastic bag sealers business, there are a number of variables you need to consider. Many would-be sellers are laser-focused on economic indicators, anxiously awaiting the perfect time to list their companies. But at Gaebler, we advise our business partners to look beyond simple economic data when determining whether it's the right time to sell a plastic bag sealers business. A much better approach is to focus on the factors that always attract buyers and investors. When it comes to selling a plastic bag sealers business, successful sales sales often boil down to the business itself - not the economy.
Sale Costs
The calculation of your asking price should include a buffer to cover the expense of the sale process. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Depending on your circumstances, you may also incur substantial expenses in hiring legal, appraisal and accounting professionals. If you need to compensate employees to assist with the sale, their services should also be considered.
Preparing Your Employees
Business sellers face a dilemma when it comes to their employees. You're concerned about confidentiality, and rightfully so. But sooner or later, employees will begin to suspect that something is up, especially when you start parading prospective buyers through the business. 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 plastic bag sealers business on the market. Your employees will undoubtedly have many questions about their future with the company. Try to answer their questions to the best of your ability, but avoid making any promises that you are not authorized to make.
Share this article
Additional Resources for Entrepreneurs