Sell a Business for the Best Price
Selling a Poultry Wholesale Business
You've heard the naysayers - now isn't the time to sell a poultry wholesale business. But what they don't know is that many entrepreneurs see poultry wholesale businesses as a smart business investment.
When it comes to selling a poultry wholesale business, there are no shortcuts to success.
Despite the conventional wisdom, we believe current economic conditions are right for selling a poultry wholesale business. With the right information and strategy, you could be well on your way to a successful sale
Sale Preparation Timeframes
There are no effective shortcuts for selling a poultry wholesale business. Since buyers prefer to see evidence of future cash flow, you'll want to to strategically lock in cash flows and increase profits before you list the business. Next, the business will need to be documented in professional financial statements and manuals that facilitate the ownership transition. Since all of this takes time and effort, a poultry wholesale business can rarely be ready for the marketplace in less than six months. However, to command the highest price, you'll probably need to spend one to two years preparing and positioning your business for buyers.
Legal Considerations
It's obvious that you're going to need to hire an attorney to finalize the sale of your poultry wholesale business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Team-Based Negotiation Strategies
Business sellers are sometimes surprised to find themselves in the position of negotiator-in-chief. When you sell your poultry wholesale business, your business brokers may or may not be willing to conduct negotiations for you. But although you will responsible for negotiating terms with buyers, you should never approach negotiations without support. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.
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