Advice on Niche Market Exit Planning
Selling a TDD/TTY Telephone Service
At first glance, an unstable economy would seem to be an unfriendly atmosphere for a TDD/TTY telephone service sale. At Gaebler, we think it's a great time to sell a TDD/TTY telephone service. Here's why . . ..
You need to get a good price for your TDD/TTY telephone service. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Undaunted by economic conditions, many TDD/TTY telephone service sellers are achieving their sale goals through deliberate sale strategies.
How Much Does It Cost to Sell a TDD/TTY telephone service?
The calculation of your asking price should include a buffer to cover the expense of the sale process. Good brokerage takes a 10% success fee off the top of the final sale price. Depending on your circumstances, you may also incur substantial expenses in hiring legal, appraisal and accounting professionals. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Understanding Market Timing
Now may be the best time to sell a TDD/TTY telephone service. With interest rates at all-time lows, it's easy to see why TDD/TTY telephone services are an appealing investment opportunity for savvy investors. When the economy recovers there will be more TDD/TTY telephone service buyers on the market, but higher interest rates could present challenges. At Gaebler, we recognize the value of timing the sale of your TDD/TTY telephone service. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
Finding TDD/TTY Telephone Service Buyers
It's difficult to predict where the buyer of your TDD/TTY telephone service will come from. Avoid pigeon-holing your search to a single buyer category. Many sellers achieve success by listing their TDD/TTY telephone services in multiple channels. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
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