Niche Exit Planning Tactics
Selling a Wildlife Environmental Services Business
There are few things as intimidating as selling a business in a sluggish economy. Fortunately, a wildlife environmental services business sale isn't as scary as it seems.
Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
More than a few wildlife environmental services business owners cave under the pressure and settle for a lower sales price than they should. With the right strategy, your sale doesn't have to end that way.
Advantages of Hiring a Broker
A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Although you will pay a fee for brokerage, it's generally worth it because the end result will be a higher sales prices and more favorable terms.
Promoting a wildlife environmental services business Sale
Successful wildlife environmental services business sales listings are intentionally promoted to the right prospects. However, confidentiality and other concerns can present challenges, even for sales professionals. A highly publicized sale creates vulnerabilities that can be exploited by your competitors. The best way to advertise a wildlife environmental services business is to enlist the assistance of a business broker who is skilled in locating and contacting prospective buyers.
Pros & Cons of a Sale to an Employee
Although it may seem easier to sell your wildlife environmental services business to an employee, this approach also has some pitfalls. A faithful employee may have the motivation and ability to continue to operate the business. The time and expense of locating the right buyer will be nonexistent and you won't have to spend weeks showing the buyer every square inch of the company. Yet most employees lack the means to buy their employer's business at or near the asking price. A seller-financed deal may be necessary unless the employee has significant assets or investor backing.
Share this article
Additional Resources for Entrepreneurs