Advice on Niche Market Exit Planning
Selling a Terrazzo, Marble, and Tile Contractors Business
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet terrazzo, marble, and tile contractors businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
We're seeing a high volume of shadow inventory in the business-for-sale market.
Many business owners don't know that terrazzo, marble, and tile contractors businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Factoring In Economic Variables
When you sell a terrazzo, marble, and tile contractors business, there are a number of variables you need to consider. Interest rates, spending, inflation, and other variables directly influence how long your terrazzo, marble, and tile contractors business will be on the market as well as its sales price. The truth is that perfect market conditions may never materialize. If you don't believe your terrazzo, marble, and tile contractors 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?. When it comes to selling a terrazzo, marble, and tile contractors business, successful sales sales often boil down to the business itself - not the economy.
Tips for Working with A Business Broker
Business brokers are professional business sellers. Brokers routinely work with terrazzo, marble, and tile contractors business owners to achieve desired outcomes and deliver a successful sale as quickly as possible. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
Valuation Methods
The methods for valuing a terrazzo, marble, and tile contractors business vary according to your business model and circumstances. However, there are generally three valuation methods appraisers use to determine your company's worth. 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. Finally, the market method determines the worth of your terrazzo, marble, and tile contractors business based on the sales of similar businesses in your geographic area. 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.
Share this article
Additional Resources for Entrepreneurs