Advice on Niche Market Exit Planning
Selling a Television Broadcasting Companies and Stations Business
We hear from a lot of business owners who are timid about listing their television broadcasting companies and stations business. Despite the mood of the market, we think there are still opportunities to receive a good price for your television broadcasting companies and stations business. Here's what you need to know . . .
Selling a television broadcasting companies and stations business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
To achieve your goals, you'll need to know the market as well as key business selling techniques. But for business sellers, the process begins with having the right mental attitude.
Preparing for What's Next
What will happen if your television broadcasting companies and stations business is a success? Although next steps may seem inconsequential, they actually play an important role in shaping the structure of the sale of your television broadcasting companies and stations business. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
Advantages of Hiring a Broker
There are many reasons why hiring a broker makes sense in television broadcasting companies and stations business sales. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
Selling a Television Broadcasting Companies & Stations Business to an Employee
Employee sales have pros and cons. There are some perks to selling the business in-house. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based television broadcasting companies and stations business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
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