Sell a Business for the Best Price
Selling a Private Golf Club
At first glance, an unstable economy would seem to be an unfriendly atmosphere for a private golf club sale. Don't be deterred by economic uncertainty. There are plenty of reasons why this is the right time to put your private golf club on the market.
It's a fact: Successful business sales take time.
At Gaebler, we think that's a mistake because with adequate preparation and the right sale strategy, this might be the best time to put your private golf club on the market.
Business Assets
Buyers typically perform an independent appraisal of your private golf club's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. A pre-listing appraisal also gives you the opportunity to document the condition of your private golf club's assets and possible even make repairs or upgrades to increase the total value of the operation.
Timing Your private golf club Sale
Most business owners know when it's time to exit their company. Opinions are mixed and some consultants are advising private golf club sellers to put their plans on hold until the economy fully rebounds. But despite the negativity that exists in some sectors, if you have a desire to sell your private golf club now, there is a high probability that you can sell it in the current market. The inventory of what we consider to be quality private golf clubs is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Legal Considerations
It's obvious that you're going to need to hire an attorney to finalize the sale of your private golf club. 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. In some cases, an attorney may also provide assistance in securing long-term leases or vendor contracts to make your private golf club more attractive to buyers. If you don't know an attorney with experience in the business-for-sale market, ask your broker for a referral.
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