Sell a Business for the Best Price
Selling a Poultry Retail Business
Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your poultry retail business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
Too often poultry retail business owners fail to receive fair market value for their businesses. With the right strategy, your sale doesn't have to end that way.
Average Timeframes
From the day they decide to sell their company, the question that plagues many owners is how long it will take to sell their poultry retail business. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your poultry retail business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Selecting a Broker
Good business brokers inevitably produce better business sales. During the selection process, look for brokers with a proven track record of successful poultry retail business sales. Take our word for it -- poultry retail businesses are unique businesses and you need a broker who understands how to properly market your poultry retail business to prospective buyers. As a practical matter, you'll also want to focus your search on brokers who have pre-existing relationships with attorneys, appraisers, and other professionals who can provide assistance at various stages of the process.
Tips for Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized poultry retail business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. It's common for sellers to finance as much as 70% of the purchase price with a payoff period of four or five years, sometimes in the form of a balloon payment at the end of the repayment period.
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