Sell a Business Tips
Selling a Skateboard Parks and Rinks Business
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet skateboard parks and rinks businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
The business-for-sale market is extremely dynamic. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a skateboard parks and rinks business sale. To improve sale outcomes, you will simply need to tailor your skateboard parks and rinks business to today's buyers.
Laying the Groundwork
In addition to improving profitability and market share, planning the sale of your business will require you to think about how you will present your company to buyers. Professional business brokers understand buyers and know how to properly communicate a skateboard parks and rinks business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium skateboard parks and rinks business opportunity.
Sale Costs
In a skateboard parks and rinks business sale, pricing is based on a number of factors, including the costs incurred during the sale. Although they can significantly increase the final sale price, brokers typically receive a 10% commission. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. If you need to compensate employees to assist with the sale, their services should also be considered.
Equipment and Inventory Concerns
Buyers typically perform an independent appraisal of your skateboard parks and rinks 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 skateboard parks and rinks business.
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