Sell a Business Tips
Selling a Store Designers and Planners Business
No one said selling your business in a depressed economy would be easy. Fortunately, a store designers and planners business sale isn't as scary as it seems.
Dire economic forecasts have forced many store designers and planners business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
However, serious buyers also understand the value of a good store designers and planners business. To sell your store designers and planners business, you'll need to go the extra mile to prove your company has the potential to deliver steady revenue and a solid ROI.
Post-Sale Details
As your store designers and planners businesssale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. Ideally, these and other post-sale details should be addressed early on. But if you haven't dealt with them yet, it's important to have a frank conversation with the buyer, your broker and other professionals as soon as possible.
Dealing with Your Emotions
There is no easy way to say goodbye to your business. You probably have good reasons for selling your store designers and planners business now, but that doesn't make the emotions you will experience any easier. We advise sellers to discuss their feelings with family members and close friends before, during and after the sale. However, when it comes to negotiating a successful deal, there is no room for your personal emotions. To keep the sale on track, you'll need to seek the advice of a broker or another objective third-party counselor.
Seller Financing
Capital is hard to come by these days. Financial institutions have tightened up their lending policies, making it difficult for inexperienced and undercapitalized entrepreneurs to buy store designers and planners businesses. As a result, buyers expect sellers to finance a significant portion of the sale. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
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