Sell a Business Tips
Selling a Stock Quotation Services Business
We hear it all the time: 'This economy is a hostile environment for a business sale.' However, stock quotation services businesses haven't heard the news and are reporting steady action on the business-for-sale market.
Despite your best intentions, great business sales don't happen overnight.
However, serious buyers also understand the value of a good stock quotation services business. So for stock quotation services business sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
When Is the Right Time to Sell?
When is it the right time to sell your stock quotation services business? If you're asking the question, now may be the time to put your business on the market. There are a lot of naysayers out there advising stock quotation services business sellers (or would-be sellers) to take a wait and see approach. At Gaebler, we have a much more optimistic view of your chances in the stock quotation services business-for-sale market. The inventory of what we consider to be quality stock quotation services businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Selecting a Broker
A good business broker is your best bet for a fast and profitable business sale. During the selection process, look for brokers with a proven track record of successful stock quotation services business sales. Take our word for it -- stock quotation services businesses are unique businesses and you need a broker who understands how to properly market your stock quotation services business to prospective buyers. 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.
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized stock quotation services 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.
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