Advice on Niche Market Exit Planning
Selling a Transmissions and Parts Wholesale and Manufacturers Business
A good business is about more than dollars and sense. To make your transmissions and parts wholesale and manufacturers 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.
You won't find any magic formulas for selling a transmissions and parts wholesale and manufacturers business, especially while the market is struggling to overcome the perceptions created by a down economy.
However, serious buyers also understand the value of a good transmissions and parts wholesale and manufacturers business. So for transmissions and parts wholesale and manufacturers business sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
Finding Transmissions & Parts Wholesale & Manufacturers Business Buyers
It's difficult to predict where the buyer of your transmissions and parts wholesale and manufacturers business will come from. So you'll need to take a diverse approach to identifying prospective buyers. Many sellers achieve success by listing their transmissions and parts wholesale and manufacturers businesses in multiple channels. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
Broker vs. No Broker
When selling a transmissions and parts wholesale and manufacturers 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 transmissions and parts wholesale and manufacturers business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Current Market Conditions
Today's transmissions and parts wholesale and manufacturers business sellers face an intimidating economic landscape. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. However, many business sellers don't realize that a full economic rebound can have devastating consequences, particularly if sellers who have waited to list their businesses suddenly create a glut in the business-for-sale marketplace. So what's our point? The economy isn't the most important factor in the sale of your business. Instead, you should be focusing on making your transmissions and parts wholesale and manufacturers business as attractive as possible so to buyers right now.
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