Advice on Niche Market Exit Planning
Selling a Telemetering Equipment and Systems Business
Planning and execution can dramatically influence the price you receive for your telemetering equipment and systems business.
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
But they're also savvy enough to know a good deal when they see it. Financial statements and ROI are essential in converting modern telemetering equipment and systems business prospects into buyers.
Valuation Methods
Multiple valuation methods exist for a telemetering equipment and systems business. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. 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.
Laying the Groundwork
Effective telemetering equipment and systems business preparation focuses on communicating value to prospective buyers. A first-rate business broker can give your business an edge by facilitating the preparation process and orienting your presentation toward today's buyers. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium telemetering equipment and systems business opportunity.
Should I Hire a Business Broker?
When selling a telemetering equipment and systems business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your telemetering equipment and systems business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Share this article
Additional Resources for Entrepreneurs