Exit Planning Strategies
Selling a Valves and Fittings Retail Business
Nervous about selling your valves and fittings retail business? You shouldn't be. Our tips will help you get the highest price for your valves and fittings retail business, regardless of what's happening with the economy.
Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a valves and fittings retail business sale works.
Yet everyday, hundreds of listed valves and fittings retail businesses manage to pique the interest of qualified buyers. They do it by paying attention to the details that other business sellers overlook.
Finding Prospects
Many sellers don't realize how many prospective buyers there are for their businesses. We frequently see qualified buyers emerge from the seller's network of business and personal acquaintances. In other cases, sellers take a proactive approach to finding likely buyers and contacting them directly. If possible, steer clear of selling to a competitor if for no other reason than the fact that competitors pay less for valves and fittings retail businesses than other buyers.
Business Assets
It's incumbent on buyers to commission their own appraisal of your valves and fittings retail business's physical assets. Your appraisal should occur before you put your business on the market. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your valves and fittings retail business.
Broker vs. No Broker
When selling a valves and fittings retail business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Business brokers typically charge a 10% "success fee" when they sell a business, but they also handle many of the hassles that are associated with selling a valves and fittings retail business. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
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