Sell a Business Tips
Selling a Singing Telegrams Business
With the economy limping along, many singing telegrams business owners are hesitant to put their businesses on the market. At Gaebler, we think it's a great time to sell a singing telegrams business. Here's why . . ..
The business-for-sale market is just as frustrating for buyers as it is for sellers these days. Although there are plenty of entrepreneurs who want to buy a singing telegrams business, capital restrictions are holding them back.
You'll always have an excuse for not putting your business on the market. With hard work and dedication, your singing telegrams business can be sold at or above fair market value right now.
Tips for Seller Financing
Business buyers are in a capital crunch. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized singing telegrams business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Advertising Your Sale
Successful singing telegrams business sales incorporate comprehensive advertising plans. However, confidentiality and other concerns can present challenges, even for sales professionals. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. There are multiple ways to promote a singing telegrams business sale, many of which require the assistance of a professional business broker.
How to Choose a Business Broker
A good business broker is your best bet for a fast and profitable business sale. No two singing telegrams business sales are alike. That means you'll want to look for a broker who has been around the block and possesses substantial experience selling businesses in the industry. The chemistry you have with your broker is a consideration. If you don't connect with a specific broker, move on to someone else - even if the first broker looks great on paper.
Share this article
Additional Resources for Entrepreneurs