Sell a Business for the Best Price
Selling a Printing Press Repair Business
Your printing press repair business has been good to you. The next step is to position your business for the demands of the business-for-sale marketplace.
It's a fact: Successful business sales take time.
At Gaebler, we're seeing printing press repair business sellers succeed by applying sound sales principles combined with a refusal to be intimidated by a down economy.
How Much Does It Cost to Sell a printing press repair business?
In a printing press repair business sale, pricing is based on a number of factors, including the costs incurred during the sale. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. 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.
Timing the Market
Worried about timing? Believe it or not, this could be an advantageous time to put a printing press repair business up for sale. With interest rates at all-time lows, it's easy to see why printing press repair 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.
Selling a Printing Press Repair Business to an Employee
Employee sales have pros and cons. There are some perks to selling the business in-house. Since the worker already knows the ins and outs of the business, due diligence should be a breeze, not to mention the fact that you won't have to wait months or years for the right buyer to emerge on the open marketplace. Yet most employees lack the means to buy their employer's business at or near the asking price. Most of the time, employees also expect owners to finance a large portion of the sale. So if you aren't willing to finance the sale or need to get top dollar for your printing press repair business, a sale to an employee is probably not a possibility.
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