Optimizing Business Exits
Selling a Restroom Equipment, Supplies, and Service Business
You've invested time, effort, and creativity into building your restroom equipment, supplies, and service business. To see your ownership role through to completion, you will need to exhibit similar diligence in selling your company.
Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a restroom equipment, supplies, and service business.
Benefits of Third-Party Assistance
Rarely, if ever, do owners sell a restroom equipment, supplies, and service business without outside assistance. Brokers can be an important resource for your sale, especially if you are unfamiliar with the business-for-sale marketplace. We also suggest hiring an attorney, an appraiser, and an accountant early in the process. The benefit of soliciting outside assistance early is that seemingly small decisions now can have big consequences later. By consulting professionals throughout the sale of your restroom equipment, supplies, and service business, you can avoid painful tax and legal complications both before and after closing.
Selling to a Family Member
There is no easy way to sell a restroom equipment, supplies, and service business, not even to a family member. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
Average Timeframes
Hoping for a quick restroom equipment, supplies, and service 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 restroom equipment, supplies, and service business for sale and many sellers spend a year or more positioning their business to command a higher price. 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.
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