Advice on Niche Market Exit Planning
Selling a Tobacco Buyers and Redryers Business
There are no guarantees when you sell a tobacco buyers and redryers business. But our tips will equip you with the information you need to increase the likelihood of a successful sales outcome.
You won't find any magic formulas for selling a tobacco buyers and redryers business, especially while the market is struggling to overcome the perceptions created by a down economy.
Undaunted by economic conditions, many tobacco buyers and redryers business sellers are achieving their sale goals through deliberate sale strategies.
Signs You're in Over Your Head
Many tobacco buyers and redryers business are tempted to save brokerage fees by selling their businesses on their own. But for every successful unassisted sale, several other tobacco buyers and redryers businesses sell below market value or languish on the market for years without attracting the interest of qualified buyers. As a rule, no business should sit on the market for more than six months without attracting the interest of at least a handful of qualified buyers. Lack of buyer enthusiasm or persistence indicates that something is wrong. Hire a broker and conduct a professional appraisal ASAP.
Factoring In Economic Variables
When you sell a tobacco buyers and redryers business, there are a number of variables you need to consider. Interest rates, spending, inflation, and other variables directly influence how long your tobacco buyers and redryers business will be on the market as well as its sales price. If you base the decision to sell your tobacco buyers and redryers business solely on the market, you may be in for a long wait. A much better approach is to focus on the factors that always attract buyers and investors. One thing is for sure - buyers are paying more attention to your company's profitability and growth potential than they are to the latest quarterly economic indicators.
Team-Based Negotiation Strategies
It's not unusual for tobacco buyers and redryers business sellers to feel overwhelmed when they negotiate the sale of their business. Negotiation is a chess game, best played with the resources and backend support of a negotiation team. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.
Share this article
Additional Resources for Entrepreneurs