Sell a Business for the Best Price
Selling a Public Fishing Lakes and Ponds Business
Is the economy still a little shaky for a business sale? Sure it is. Yet public fishing lakes and ponds businesses haven't been deterred. In fact, we think this economy is a ripe environment for a public fishing lakes and ponds business sale.
You won't find any magic formulas for selling a public fishing lakes and ponds business, especially while the market is struggling to overcome the perceptions created by a down economy.
In a skittish economy, public fishing lakes and ponds business sellers can access several strategies to receive fair market value from entrepreneurs who understand the value of a good business investment.
Average Timeframes
Hoping for a quick public fishing lakes and ponds business sale? You may be disappointed. Unfortunately, there are no hard and fast rules about the length of time your business will be on the market. Pricing plays a role in sale length, but there are no guarantees that a fairly priced business will sell quickly. To adequately prepare your business listing, plan on spending six months to a year prior to listing. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
How to Skillfully Address Buyer Concerns
Business sellers sometimes struggle to maintain a positive attitude when dealing with buyers. It's completely normal for public fishing lakes and ponds business sellers to be asked pointed questions during due diligence. Avoid answering buyer concerns with vague generalities. Instead, be as specific as possible, even if it means doing additional research before offering a response. If due diligence drags on too long, your broker may need to intervene.
Adjusting Expectations
Every business seller dreams of a fast sale and a fat payday. But it's highly unlikely that the sale will meet all of your expectations, especially if your initial estimates were created without the benefit of a solid appraisal or market knowledge. Sometimes, sellers need to readjust their expectations to accommodate market realties. If price is the most important outcome, you may need to agree to seller financing or other concessions. If a fast sale is the highest priority, you may need to lower the asking price to quickly capture the attention of the marketplace.
Share this article
Additional Resources for Entrepreneurs