Sell a Business Tips
Selling a Shoe Shining Business
Selling a shoe shining business doesn't happen overnight. It takes a deliberate process to get top dollar for your company.
Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
For sellers who are willing to perform adequate sale preparation, the numbers make shoe shining businesses a solid investment for qualified buyers in the business-for-sale marketplace.
Buyer Identification
It's difficult to predict where the buyer of your shoe shining business will come from. Avoid pigeon-holing your search to a single buyer category. Many sellers achieve success by listing their shoe shining businesses in multiple channels. 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.
Broker vs. No Broker
When selling a shoe shining business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Although brokerage fees can be substantial, the right broker can reduce the amount of time your shoe shining business sits on the market. If you're on the fence, do your research before you make a final decision. BizBuySell.com and other websites offer detailed information about brokers and the process of performing a brokered shoe shining business sale.
Dealing with Your Emotions
Business sellers sometimes struggle to handle the emotions of a sale. Be prepared to experience everything from elation to remorse during the sale of your business. It's important to allow yourself time to process your emotions during your exit. But since it's important to remain as objective and rational as possible, we also recommend establishing a firm sale strategy and negotiation team to limit the impact of your personal feelings on the sale outcome.
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