Optimizing Business Exits
Selling a Radon Testing Laboratories Business
The decision to sell your radon testing laboratories business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.
Market timing is a perennial problem for business sellers.
The economy hasn't squashed the market for radon testing laboratories businesses. And the ones that are commanding the highest price tags are the ones with sellers who are committed to the sale process.
Average Timeframes
Hoping for a quick radon testing laboratories business sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. On average, it takes a minimum of six months to prepare a radon testing laboratories business for sale and many sellers spend a year or more positioning their business to command a higher price. In a good market, an attractive radon testing laboratories business can sell in as little as a few months, although it can take more than a year to find the right buyer after the business is listed.
Finding Radon Testing Laboratories Business Buyers
It's difficult to predict where the buyer of your radon testing laboratories business will come from. Avoid pigeon-holing your search to a single buyer category. That means listing your radon testing laboratories business in trade-specific directories as well as general business-for-sale databases. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
Post-Sale Details
As your radon testing laboratories businesssale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. Ideally, these and other post-sale details should be addressed early on. But if you haven't dealt with them yet, it's important to have a frank conversation with the buyer, your broker and other professionals as soon as possible.
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