Sell a Business Tips
Selling a Sun Rooms, Greenhouses, Solariums, and Atriums Builders Business
No one said selling your business in a depressed economy would be easy. Although it's going to take some work, there is a good chance you can still sell your company at or even above fair market value.
According to the experts, there is currently a large volume of shadow inventory in the sun rooms, greenhouses, solariums, and atriums builders business market -- businesses that are waiting to be listed until the economy recovers.
Success is a factor of preparation, execution and a keen eye for the market. Since your future goals depend on the outcome of your sale, you'll need to have your head in the game from Day One.
Signs You're in Over Your Head
Many sun rooms, greenhouses, solariums, and atriums builders business are tempted to save brokerage fees by selling their businesses on their own. But for every successful unassisted sale, several other sun rooms, greenhouses, solariums, and atriums builders businesses sell below market value or languish on the market for years without attracting the interest of qualified buyers. As a rule, no business should sit on the market for more than six months without attracting the interest of at least a handful of qualified buyers. Lack of buyer enthusiasm or persistence indicates that something is wrong. The remedy is professional brokerage or a consultation with more experienced sellers.
When to End Negotiations
Negotiations have a way of dragging on forever. There are countless details that need to be hammered out before a Letter of Intent can be prepared and the process can move on to the due diligence stage. As the seller, you'll be on the front lines of negotiation and will need to know when it's time to bring negotiations to an end. In a sun rooms, greenhouses, solariums, and atriums builders business sale, a stalled negotiation can be an indication that the deal is dead. Since it can be difficult to tell whether the buyer is serious or playing games, it's important to know the lower boundaries of your negotiation strategy and be willing to walk away from the negotiation table, if necessary.
Timing the Market
Timing is everything when it comes to selling a sun rooms, greenhouses, solariums, and atriums builders business. With interest rates at all-time lows, it's easy to see why sun rooms, greenhouses, solariums, and atriums builders businesses are an appealing investment opportunity for savvy investors. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
Share this article
Additional Resources for Entrepreneurs