Sell a Business Tips
Selling a Sodding Farms and Sales Business
A good business is about more than dollars and sense. To make your sodding farms and sales business what it is today, you've had to fully invest yourself in its success. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.
Are most buyers timid about buying a sodding farms and sales business in today's economic environment? You bet.
Too often sodding farms and sales business owners fail to receive fair market value for their businesses. That's unfortunate because all it takes to get a fair price in today's market is ample planning and an awareness of what's important to buyers.
How to Work with Business Brokers
Brokerage is a mainstay of the business-for-sale marketplace. Brokerage is particularly common in the sodding farms and sales business-for-sale market, where aggressive selling strategies are the norm. However, your broker will still expect you to materially participate in the sale of your business. Establish clear lines of communication with your broker and respond quickly to requests from prospective buyers. You should also assist your broker in listing your sodding farms and sales business on BizBuySell.com and other online business-for-sale sites.
Preparing Family Members
Many sellers embarked on their sodding farms and sales business sale without adequately considering the impact it will have on their families. Whether you realize it or not, your sodding farms and sales business has been an important part of your family life. Unless everyone is prepared for it, the sale could have a devastating effect on your family. Subsequently, selling a sodding farms and sales business has to include ample communication and shared decision-making.
Valuation Methods
Professional appraisers can use three methods to determine the value ofa sodding farms and sales business: The income method, the asset method and the market method. The income method determines value based on the amount of income the business is expected to generate. The asset method, on the other hand, is based on the value of tangible and non-tangible assets (e.g. brands and trademarks). In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. All three methods have multiple variations and it's not uncommon for appraisers to use a combination of the three to determine the value of your business. But regardless of the method that is used, it's always in the seller's best interest to increase revenue and asset values prior to a sale.
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