Exit Planning Strategies
Selling a Vegetable Farm
A good business is about more than dollars and sense. To make your vegetable farm what it is today, you've had to fully invest yourself in its success. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.
Selling a vegetable farm? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
If you're looking for a reason to wait to put your business on the market, you'll find it. With hard work and dedication, your vegetable farm can be sold at or above fair market value right now.
What to Expect in a Vegetable Farm Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your vegetable farm. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Although it isn't easy, you can mitigate the emotional impact of a vegetable farm sale by setting realistic expectations before you list your business.
Benefits of Third-Party Assistance
Rarely, if ever, do owners sell a vegetable farm without outside assistance. Brokers can be an important resource for your sale, especially if you are unfamiliar with the business-for-sale marketplace. Additionally, you may want to hire professionals for legal, valuation and other functions before you put your business on the market. The early recruitment of external resources reduces your risk and results in a more predictable final outcome.
Selling to a Family Member
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based vegetable farm sale can be more complicated than selling to a stranger. If it isn't handled properly, a family sale can quickly create irreparable divisions within your family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
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