Sell a Business Tips
Selling a Steam and Water Coils Business
Despite the pessimistic mood of many sellers, your steam and water coils business can be a high value acquisition target for ambitious entrepreneurs -- even in today's tough economy.
Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
You'll always have an excuse for not putting your business on the market. Selling a steam and water coils business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Business Assets
It's incumbent on buyers to commission their own appraisal of your steam and water coils 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. A pre-listing appraisal also gives you the opportunity to document the condition of your steam and water coils business's assets and possible even make repairs or upgrades to increase the total value of the operation.
The Emotions of a Business Sale
Coping with the emotions of a business sale can be difficult, even under the best of circumstances. Be prepared to experience everything from elation to remorse during the sale of your business. We advise sellers to discuss their feelings with family members and close friends before, during and after the sale. At the same time, it's helpful to consult with people who can help limit the influence of your emotions on negotiations and other aspects of the sale process.
Selecting a Broker
First-rate business brokers deliver prospects and profits to their clients. No two steam and water coils 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 best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling steam and water coils businesses.
Share this article
Additional Resources for Entrepreneurs