Sell a Business Tips
Selling a Stock and Bond Brokers Business
A lot can go wrong during the sale of a stock and bond brokers business these days. We'll tell you how to keep your sale and your future plans on track.
The economy isn't the only thing that is uncertain these days. So are stock and bond brokers business buyers, many of whom are waiting to pull the trigger on their next acquisition.
If you're ready to move on, now is the right time to sell your stock and bond brokers business.
Family Issues
Since your business was a family affair, your family members should also be involved in its sale Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. Subsequently, selling a stock and bond brokers business has to include ample communication and shared decision-making.
Equipment and Inventory Concerns
Buyers typically perform an independent appraisal of your stock and bond brokers business's physical assets. Your appraisal should occur before you put your business on the market. 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 stock and bond brokers business.
Sale Costs
You'll need to incorporate the cost of the sale into the calculation the minimum price you are willing to receive for your stock and bond brokers business. Although they can significantly increase the final sale price, brokers typically receive a 10% commission. Professional consultations can also represent a significant expense during the course of a stock and bond brokers business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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