Sell a Business Tips
Selling a Swimming Pools Manufacturers and Distributors Business
In any market, there are sellers and then there are serious sellers. We'll give you the tools you need to be taken seriously when you decide to sell your swimming pools manufacturers and distributors business.
The process of selling a swimming pools manufacturers and distributors business can be one of the most stressful experiences of your entrepreneurial career.
Success is a factor of preparation, execution and a keen eye for the market. As a business seller, you need to go into the process with the mental goal of presenting your business in the best possible light.
Post-Sale Details
Due diligence has ended and you're ready to close on the sale of your swimming pools manufacturers and distributors business. All that stands between you and the sale proceeds is a few signatures, right? Not so fast. There are several details that still need to be addressed. What will the ownership transition look like? Are you prepared to deal with the tax consequences of receiving a significant sum of money in exchange for your business? How will you prepare your employees for your inevitable exit from the business? If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
Leveraging Seller Concessions
In the current marketplace, seller concessions can make the difference between a business sale and a swimming pools manufacturers and distributors business that languishes on the market for months or even years. In a down economy sellers become bankers; an unwillingness to finance at least part of the sale of a swimming pools manufacturers and distributors business can translate into a dead deal. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Factoring In Economic Variables
When you sell a swimming pools manufacturers and distributors business, there are a number of variables you need to consider. Interest rates, spending, inflation, and other variables directly influence how long your swimming pools manufacturers and distributors business will be on the market as well as its sales price. If you base the decision to sell your swimming pools manufacturers and distributors business solely on the market, you may be in for a long wait. If you don't believe your swimming pools manufacturers and distributors business would sell for top dollar right now, what can you do to make it more attractive to the marketplace? Increase profitability? Build brand visibility?. In our experience, the most important factors in the sale of a swimming pools manufacturers and distributors business have little to do with the economy.
Share this article
Additional Resources for Entrepreneurs