Sell a Business for the Best Price
Selling a Plastic Extrusions Business
The decision to sell your plastic extrusions business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.
Despite your best intentions, great business sales don't happen overnight.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to plastic extrusions businesses that exhibit strong financials and potential for future growth.
Understanding Market Timing
Worried about timing? Believe it or not, this could be an advantageous time to put a plastic extrusions business up for sale. With interest rates at all-time lows, it's easy to see why plastic extrusions businesses are an appealing investment opportunity for savvy investors. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
Sale Costs
In a plastic extrusions business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a plastic extrusions business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized plastic extrusions business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. As you prepare for the sale of your plastic extrusions business, expect to be asked to finance a substantial part of the sale price.
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