Niche Exit Planning Tactics
Selling a Wholesale Paper and Plastic Cups, Containers, and Utensils Business
When it's time to sell your wholesale paper and plastic cups, containers, and utensils business, your future plans depend on your ability to get the highest possible sales price. Here's how to do it . . .
It's a fact: Successful business sales take time.
At Gaebler, we think waiting for the economy to rebound is a mistake for many business owners. Selling a wholesale paper and plastic cups, containers, and utensils business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Equipment and Inventory Concerns
During due diligence, the buyer will undoubtedly conduct his own appraisal of your wholesale paper and plastic cups, containers, and utensils business's inventory, equipment, and physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your wholesale paper and plastic cups, containers, and utensils business.
Maintaining Objectivity
Objectivity is a rare commodity in a business sale. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. It is difficult for many owners to accept the cold, hard facts about their company's worth, but objectivity is the name of the game in a successful wholesale paper and plastic cups, containers, and utensils business sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Hiring an Attorney
There is no way around the requirement to hire professional legal assistance when you sell your wholesale paper and plastic cups, containers, and utensils business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. It's helpful to introduce your attorney to your broker to facilitate a smooth sale and a productive working relationship.
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