Sell a Business for the Best Price
Selling a Propane Gas Service and Maintenance Business
Unfortunately, many sellers are waiting to list their propane gas service and maintenance businesses until the economy fully rebounds. We think that's a mistake because for the right buyers, propane gas service and maintenance businesses are a great investment.
Today's propane gas service and maintenance business buyers tend to be more skeptical than most about the nation's economic outlook.
You'll always have an excuse for not putting your business on the market. Selling a propane gas service and maintenance business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Valuation Methods
Multiple valuation methods exist for a propane gas service and maintenance business. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. All three methods have multiple variations and it's not uncommon for appraisers to use a combination of the three to determine the value of your business. But regardless of the method that is used, it's always in the seller's best interest to increase revenue and asset values prior to a sale.
Broker vs. No Broker
When selling a propane gas service and maintenance business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Although brokerage fees can be substantial, the right broker can reduce the amount of time your propane gas service and maintenance business sits on the market. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Preparing Family Members
Many sellers embarked on their propane gas service and maintenance business sale without adequately considering the impact it will have on their families. In many cases, we find that even though business owners are equipped to handle their ownership exit, their family members are having a hard time letting go of the business, especially if family life has revolved around the demands of the propane gas service and maintenance business. Unless everyone is prepared for it, the sale could have a devastating effect on your family. Subsequently, selling a propane gas service and maintenance business has to include ample communication and shared decision-making.
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