Advice on Niche Market Exit Planning
Selling a Theatrical Stage Sets Design and Construction Business
A good business is about more than dollars and sense. To make your theatrical stage sets design and construction business what it is today, you've had to fully invest yourself in its success. To see your ownership role through to completion, you will need to exhibit similar diligence in selling your company.
The business-for-sale market is just as frustrating for buyers as it is for sellers these days. There are lots of buyers who want to own a theatrical stage sets design and construction business, but have limited capital to get their foot in the door.
Undaunted by economic conditions, many theatrical stage sets design and construction business sellers are achieving their sale goals through deliberate sale strategies.
Pre-Sale Checklist
There is a lot of work that needs to be done before you're ready to sell your theatrical stage sets design and construction business. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. Armed with a realistic timeframe and asking price, you can begin to consult with your broker about the best way to approach likely buyers.
Why Confidentiality Matters
Highly publicized theatrical stage sets design and construction business sales are risky theatrical stage sets design and construction businesssales. If you are rigorous about maintaining a confidential sale, there is little risk in putting your theatrical stage sets design and construction business on the market. But if word leaks out to the wrong people, your competitors can use that information to steal business and damage your credibility. Successful sales walk a fine line between total confidentiality and aggressive promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.
How Much Does It Cost to Sell a theatrical stage sets design and construction business?
In a theatrical stage sets design and construction business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a theatrical stage sets design and construction business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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