Optimizing Business Exits
Selling a Race Car Fabrication and Repair Business
With the economy struggling to rebound, the shadow inventory of race car fabrication and repair businesses in the business-for-sale marketplace seems to be rising. That could make this the perfect time to list a successful race car fabrication and repair business
You need to get a good price for your race car fabrication and repair 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 race car fabrication and repair 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.
Handling Unexpected Outcomes
When you made the decision to sell your race car fabrication and repair business, you had a specific set of outcomes in mind. However, no one told the marketplace about your expectations. The outcome of your sale will be determined by market forces - not by your personal circumstances or desires. Sometimes, sellers need to readjust their expectations to accommodate market realties. In the event that the sale fails to meet your expectations, you may want to consider taking the business off the market until you can grow it enough to achieve your desired sale price.
Timing Your race car fabrication and repair business Sale
When is it the right time to sell your race car fabrication and repair business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling race car fabrication and repair business sellers (or would-be sellers) to take a wait and see approach. We aren't nearly as pessimistic about the race car fabrication and repair business marketplace. The inventory of what we consider to be quality race car fabrication and repair businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Identifying Serious Buyers
Unfortunately, many of the prospects you will encounter aren't serious buyers. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. Your business broker can offer insights about how to quickly spot tire kickers. It's likely that non-serious buyers will want to know everything about your race car fabrication and repair business during their initial inquires. Avoid releasing details about your race car fabrication and repair business until you have established that they have the financial capacity to make a legitimate offer.
Share this article
Additional Resources for Entrepreneurs