Niche Exit Planning Tactics
Selling a Water Filtration and Purification Equipment Wholesale and Manufacturers Business
A good business is about more than dollars and sense. To make your water filtration and purification equipment wholesale and manufacturers business what it is today, you've had to fully invest yourself in its success. Now it's time to put that same kind of focus into selling it.
In a down economy, many water filtration and purification equipment wholesale and manufacturers business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of water filtration and purification equipment wholesale and manufacturers businesses that are actually for sale.
Too often water filtration and purification equipment wholesale and manufacturers business owners sell for a price that is well below market value. Smart sellers know the value of their companies are prepared to identify buyers who are willing to pay top dollar.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
What to Expect in a Water Filtration & Purification Equipment Wholesale & Manufacturers Business Sale
Prepare yourself to feel a broad range of emotions when you sell a water filtration and purification equipment wholesale and manufacturers business. From hopefulness to remorse, it's all part of exiting of your company. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Accurate expectations, a solid strategy and a strong support system can be valuable resources for coping with the personal impact of the sale.
Sale Costs
In a water filtration and purification equipment wholesale and manufacturers business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Depending on your circumstances, you may also incur substantial expenses in hiring legal, appraisal and accounting professionals. Likewise, you'll need to consider how much it will cost to promote the sale as well as the lost time it will take for you and your team to navigate the sale process.
Share this article
Additional Resources for Entrepreneurs