Sell a Business Tips
Selling a Screws Wholesale and Manufacturers Business
It's a misconception that no one is buying screws wholesale and manufacturers businesses these days. Savvy entrepreneurs see screws wholesale and manufacturers business opportunities as a path to short-term profits and long-term growth. Here's what you need to know to get a fair price for your company.
Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell a screws wholesale and manufacturers business in today's market.
Armed with a deliberate selling strategy, sellers of screws wholesale and manufacturers businesses are finding qualified buyers, even in today's tough market.
After the Sale
As your screws wholesale and manufacturers 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. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
Buyer Concessions
Sellers aren't the only ones who can make concessions in a business sale. In many instances, sellers can request buyer concessions. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. Asset exclusions, retained ownership shares and long-term contracts with another of the seller's companies can also be leveraged to extract concessions from buyers.
Average Preparation Time
There are no effective shortcuts for selling a screws wholesale and manufacturers business. Buyers want to see growth trends, healthy profits and other variables that increase the likelihood of long-term success. Next, the business will need to be documented in professional financial statements and manuals that facilitate the ownership transition. Since all of this takes time and effort, a screws wholesale and manufacturers business can rarely be ready for the marketplace in less than six months. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.
Share this article
Additional Resources for Entrepreneurs