Sell a Business Tips
Selling a Slicing Machines Business
Is the economy still a little shaky for a business sale? Sure it is. Yet slicing machines businesses haven't heard the news and are reporting steady action on the business-for-sale market.
When the economy recovers, we expect to see a sudden influx of slicing machines businesses in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
A business sale is always a sophisticated transaction and if you aren't prepared for it, your slicing machines business sale could have an unexpected outcome. To stay on course, you'll need sound strategy and meticulous execution on your side.
Advantages of Hiring a Broker
A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
Tips for Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized slicing machines 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.
Preparing for What's Next
So you've decided to sell your slicing machines business. That's great -- but have you considered what's next? Are you moving on to another business venture? Are you retiring? If you aren't sure what's next, you could be in trouble because future plans and selling strategy are inextricably connected. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
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