Niche Exit Planning Tactics
Selling a Wholesaler or Manufacturer of Lacquers
A lot can go wrong during the sale of a wholesaler or manufacturer of lacquer in today's economy. We'll tell you how to keep your sale and your future plans on track.
Cutting corners never pays off, especially in the sale of a wholesaler or manufacturer of lacquer.
You'll always have an excuse for not putting your business on the market. Selling a wholesaler or manufacturer of lacquer isn't easy, but we believe sellers can achieve their goals in any economic environment.
Working with Accountants
Accountants lay the financial groundwork for a business sale. Before your wholesaler or manufacturer of lacquer goes on the market, you should sit down with your accountant to clarify your financial goals and the tax consequences of a sale. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Dealing with Buyers
Business sellers sometimes struggle to maintain a positive attitude when dealing with buyers. The questions wholesaler or manufacturer of lacquer ask during due diligence are designed to alleviate their concerns about the business and should be promptly addressed by the seller. To protect yourself, don't offer an answer until you are sure the information you are providing is 100% accurate. Refer to the Letter of Intent to determine how to wrap up due diligence and move the buyer on to closing.
Emotional Considerations
The sale of a wholesaler or manufacturer of lacquer can be a rollercoaster of emotions. One minute you'll be elated at the possibility of moving on the next stage of your life and the next minute you'll be nostalgic about the memories of your time at the helm of your business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Although it isn't easy, you can mitigate the emotional impact of a wholesaler or manufacturer of lacquer sale by setting realistic expectations before you list your business.
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