Exit Planning Strategies
Selling a Video Equipment and Supplies Installation, Service and Repair Business
No one said selling your business in a depressed economy would be easy. Fortunately, a video equipment and supplies installation, service and repair business sale isn't as scary as it seems.
Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a video equipment and supplies installation, service and repair business sale works.
The economy hasn't squashed the market for video equipment and supplies installation, service and repair businesses. And the ones that are commanding the highest price tags are the ones with sellers who are committed to the sale process.
Average Timeframes
Hoping for a quick video equipment and supplies installation, service and repair 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 video equipment and supplies installation, service and repair 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.
Should I Hire a Business Broker?
The decision of whether or not to hire a business broker should never be taken lightly. 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 video equipment and supplies installation, service and repair business. If you're on the fence, do your research before you make a final decision. BizBuySell.com and other websites offer detailed information about brokers and the process of performing a brokered video equipment and supplies installation, service and repair business sale.
Finding Video Equipment & Supplies Installation, Service & Repair Business Buyers
It's difficult to predict where the buyer of your video equipment and supplies installation, service and repair 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. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
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