Selling a Company Advice
Selling a Used Ranges and Ovens Business
You've heard the naysayers - now isn't the time to sell a used ranges and ovens business. But what they don't know is that many entrepreneurs see used ranges and ovens businesses as a smart business investment.
Today's used ranges and ovens business buyers tend to be more skeptical than most about the nation's economic outlook.
Eventually, it will the time will come to exit your business. And when that day arrives, you need to know how to sell your used ranges and ovens business in a way that achieves positive outcomes for you and the business.
Setting the Stage
Effective used ranges and ovens business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a used ranges and ovens business to the marketplace. Financial statements, appraisals, operations manuals and other documents lay the foundation for your used ranges and ovens business sale, creating incentives for prospects to agree to a higher asking price.
Working with Accountants
Accountants lay the financial groundwork for a business sale. Before your used ranges and ovens business goes on the market, you should sit down with your accountant to clarify your financial goals and the tax consequences of a sale. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Finding Used Ranges & Ovens Business Buyers
It's difficult to predict where the buyer of your used ranges and ovens business will come from. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Networking is another useful tool in locating buyers. It might surprise you to learn how many used ranges and ovens business buyers emerge from conversations with peer groups, vendors, and business associations. In some cases, leads obtained through networking are preferred because they come with personal recommendations.
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