Selling a Company Advice
Selling a Used Furniture Dealers Business
We hear from a lot of business owners who are timid about listing their used furniture dealers business. Despite the mood of the market, we think there are still opportunities to receive a good price for your used furniture dealers business. Here's what you need to know . . .
The decision to sell a used furniture dealers business is never easy. But have you considered how your customers, vendors and employees will handle the sale?
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You'll always have an excuse for not putting your business on the market. Selling a used furniture dealers business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Business Valuation
Professional appraisers can use three methods to determine the value ofa used furniture dealers business: The income method, the asset method and the market method. 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 used furniture dealers 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.
Average Timeframes
Hoping for a quick used furniture dealers business sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your used furniture dealers business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
How to Increase Sale Price
If you haven't sold a business before, may be surprised by the time investment that is required to sell a used furniture dealers business. Many sellers find that hiring a business broker makes the demands of a sale much more tolerable. Seller fatigue is a real concern - if your business sits on the market too long, you will be tempted to sell below your expectations. Time after time, sellers who hire qualified brokers are more satisfied with the sales process - and the price they receive for their used furniture dealers businesses.
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