Selling a Company Advice
Selling a Used Washing Machines and Dryers Business
We hear it all the time: 'This economy is a hostile environment for a business sale.' However, used washing machines and dryers businesses haven't heard the news and are reporting steady action on the business-for-sale market.
It takes dedication to sell a used washing machines and dryers business under the best of circumstances. In the current market, you'll need to redouble your efforts and get serious about convincing prospects that your company is a good investment.
Growth-minded entrepreneurs also find an appealing used washing machines and dryers business hard to pass up. So for used washing machines and dryers business sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
Preparing for What's Next
What will happen if your used washing machines and dryers business is a success? many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
Working with a Professional Accountant
Accountants lay the financial groundwork for a business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. 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.
Why Confidentiality Matters
Highly publicized used washing machines and dryers business sales are risky used washing machines and dryers businesssales. If you are rigorous about maintaining a confidential sale, there is little risk in putting your used washing machines and dryers business on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Successful sales walk a fine line between total confidentiality and aggressive promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.
Share this article
Additional Resources for Entrepreneurs