Sell a Business Tips
Selling a Stone Setting Contractors Residential Business
With the economy limping along, many stone setting contractors residential business owners are hesitant to put their businesses on the market. At Gaebler, we think it's a great time to sell a stone setting contractors residential business. Here's why . . ..
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
More than a few stone setting contractors residential business owners fail to receive fair market value for their businesses. With the right strategy, your sale doesn't have to end that way.
Business Valuation
Multiple valuation methods exist for a stone setting contractors residential business. 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. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
The Best Person to Sell Your Stone Setting Contractors Residential Business
There are benefits and drawbacks to handling the sale of your stone setting contractors residential business on your own. Without a doubt, you have the most at stake in the outcome of your sale. That makes you the most passionate advocate for your stone setting contractors residential business in the business-for-sale marketplace. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. At a minimum, conduct an independent appraisal of the stone setting contractors residential business to gain an objective sense of fair market value.
Emotional Considerations
The sale of a stone setting contractors residential business can be a rollercoaster of emotions. One minute you'll be elated at the possibility of moving on the next stage of your life and the next minute you'll be nostalgic about the memories of your time at the helm of your business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Although it isn't easy, you can mitigate the emotional impact of a stone setting contractors residential business sale by setting realistic expectations before you list your business.
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