Advice on Niche Market Exit Planning
Selling a Typewriter Service and Repair Business
Is the economy still a little shaky for a business sale? Sure it is. Yet typewriter service and repair businesses haven't heard the news and are reporting steady action on the business-for-sale market.
You won't find any magic formulas for selling a typewriter service and repair business, especially while the market is struggling to overcome the perceptions created by a down economy.
Eventually, it will the time will come to exit your business. As a consequence, you have a substantial stake in knowing how to receive maximum price for your typewriter service and repair business.
Laying the Groundwork
A successful typewriter service and repair business sale begins with careful planning. Although you are convinced your business has value in the marketplace, the planning process establishes a framework for communicating its value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a typewriter service and repair business to the marketplace. Financial statements, appraisals, operations manuals and other documents lay the foundation for your typewriter service and repair business sale, creating incentives for prospects to agree to a higher asking price.
Buyer Identification
It's difficult to predict where the buyer of your typewriter service and repair business will come from. So you'll need to take a diverse approach to identifying prospective buyers. That means listing your typewriter service and repair business in trade-specific directories as well as general business-for-sale databases. 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.
The Best Person to Sell Your Typewriter Service & Repair Business
An unassisted business sale is a double-edged sword. Few people know your business as well as you do. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. Business brokers and other third-party consultants bring objectivity to the sale process and give you much-needed insight about buyers' mindsets.
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