Niche Exit Planning Tactics
Selling a Water Blasting Equipment and Systems Business
We hear from a lot of business owners who are timid about listing their water blasting equipment and systems business. Despite the mood of the market, we think there are still opportunities to receive a good price for your water blasting equipment and systems business. Here's what you need to know . . .
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
If you're ready to move on, now is the right time to sell your water blasting equipment and systems business.
Economic Considerations
Think a water blasting equipment and systems business sale is simple? Think again. Interest rates, spending, inflation, and other variables directly influence how long your water blasting equipment and systems business will be on the market as well as its sales price. If you base the decision to sell your water blasting equipment and systems business solely on the market, you may be in for a long wait. A much better approach is to focus on the factors that always attract buyers and investors. One thing is for sure - buyers are paying more attention to your company's profitability and growth potential than they are to the latest quarterly economic indicators.
Family Business Sale Tips
There is no easy way to sell a water blasting equipment and systems business, not even to a family member. In fact, selling your water blasting equipment and systems business to a family member can quickly become a no-win proposition. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. The best advice: if a family sale is a possibility, it needs to be handled objectively, with ample input from third-party advisors.
How Much Does It Cost to Sell a water blasting equipment and systems business?
In a water blasting equipment and systems business sale, pricing is based on a number of factors, including the costs incurred during the sale. Although they can significantly increase the final sale price, brokers typically receive a 10% commission. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. If you need to compensate employees to assist with the sale, their services should also be considered.
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