Sell a Business for the Best Price
Selling a Prehung Doors Business
We hear from a lot of business owners who are timid about listing their prehung doors business. Despite the mood of the market, we think there are still opportunities to receive a good price for your prehung doors business. Here's what you need to know . . .
You need to get a good price for your prehung doors business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
The economy hasn't squashed the market for prehung doors businesses. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.
Leveraging Seller Concessions
It's becoming more difficult to sell a prehung doors business without considering seller concessions. The most common seller concession is seller financing. With entrepreneurs struggling to secure capital, you may be the buyer's only source of financing. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Promoting a prehung doors business Sale
The best prehung doors business sales listings are intentionally promoted to the right prospects. However, confidentiality and other concerns can present challenges, even for sales professionals. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. Business brokers are skilled at publicizing prehung doors business sales while maintaining the confidentiality that is critical to your business.
Sale Costs
You'll need to incorporate the cost of the sale into the calculation the minimum price you are willing to receive for your prehung doors business. Although they can significantly increase the final sale price, brokers typically receive a 10% commission. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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