Sell a Business Tips
Selling a Savings and Loan Associations Business
You've heard the naysayers - now isn't the time to sell a savings and loan associations business. But what they don't know is that many entrepreneurs see savings and loan associations businesses as a smart business investment.
Dire economic forecasts have forced many savings and loan associations business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
Does that mean selling your savings and loan associations business will be a piece of cake? No -- but you might be surprised to learn that the savings and loan associations businesses that are selling these days are finding success though simple, common sense selling strategies.
Working with Accountants
Accountants lay the financial groundwork for a business sale. Most savings and loan associations business have significant tax consequences requiring the input of a qualified accountant. A professional audit can ease buyer concerns and amp up the value of your financial presentation. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Business Assets
It's incumbent on buyers to commission their own appraisal of your savings and loan associations business's physical 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. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your savings and loan associations business.
Moving On
The decision to sell your savings and loan associations business can't be made without adequate consideration of what will happen after the sale. many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. For example, seller financing can be an extremely valuable concession, especially in the current economy. But if you need all of the proceeds of the sale upfront, seller financing is off the table and you'll need to find a different way to make your savings and loan associations business attractive to buyers.
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