Optimizing Business Exits
Selling a Rope, Twines, and Cordage Business
The business-for-sale marketplace has experienced no shortage of uncertainty over the past several years. But rope, twines, and cordage businesses haven't been deterred. In fact, we think this economy is a ripe environment for a rope, twines, and cordage business sale.
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
Armed with a deliberate selling strategy, sellers of rope, twines, and cordage businesses are finding qualified buyers, even in today's tough market.
Equipment and Inventory Concerns
During due diligence, the buyer will undoubtedly conduct his own appraisal of your rope, twines, and cordage business's real assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. A pre-listing appraisal also gives you the opportunity to document the condition of your rope, twines, and cordage business's assets and possible even make repairs or upgrades to increase the total value of the operation.
Working with Accountants
Accountants come into play at several stages of the sale process. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Preparing Your Rope, Twines, and Cordage Business for Sale
First-time business sellers sometimes don't realize that the success or failure of their sale is determined before it hits the market. Profitable rope, twines, and cordage business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Even though it may take years to adequately position your rope, twines, and cordage business, the amount of preparation you perform will have direct correlation on asking and sale prices. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.
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