Exit Planning Strategies
Selling a Video and DVD Recorder and Player Rental Business
For the right sellers, the business-for-sale marketplace is a friendly environment for video and DVD recorder and player rental business opportunities. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
The economy isn't the only thing that is uncertain these days. So are video and DVD recorder and player rental business buyers, many of whom are waiting to pull the trigger on their next acquisition.
Many video and DVD recorder and player rental business owners sell for a price that is well below market value. That's unfortunate because all it takes to get a fair price in today's market is ample planning and an awareness of what's important to buyers.
Economic Considerations
Think a video and DVD recorder and player rental business sale is simple? Think again. Interest rates, spending, inflation, and other variables directly influence how long your video and DVD recorder and player rental business will be on the market as well as its sales price. But at Gaebler, we advise our business partners to look beyond simple economic data when determining whether it's the right time to sell a video and DVD recorder and player rental business. If you don't believe your video and DVD recorder and player rental business would sell for top dollar right now, what can you do to make it more attractive to the marketplace? Increase profitability? Build brand visibility?. When it comes to selling a video and DVD recorder and player rental business, successful sales sales often boil down to the business itself - not the economy.
Should I Hire a Business Broker?
When selling a video and DVD recorder and player rental business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your video and DVD recorder and player rental business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Seller Financing
Business buyers are in a capital crunch. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized video and DVD recorder and player rental business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. As you prepare for the sale of your video and DVD recorder and player rental business, expect to be asked to finance a substantial part of the sale price.
Share this article
Additional Resources for Entrepreneurs