Niche Exit Planning Tactics
Selling a Windshield Wipers Retail Business
At first glance, an unstable economy would seem to be an unfriendly atmosphere for a windshield wipers retail business sale. But in reality, now may be the perfect time to sell a windshield wipers retail business.
Selling a windshield wipers retail business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
If you're ready to move on, now is the right time to sell your windshield wipers retail business.
Preparing Your Windshield Wipers Retail Business for Sale
The outcome of a business sale is largely determined prior to a market listing. Profitable windshield wipers retail business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Even though it may take years to adequately position your windshield wipers retail business, the amount of preparation you perform will have direct correlation on asking and sale prices. Additionally, you'll need time to compile financials and other information that buyers will expect to receive.
Seller Financing
The shortage in today's marketplace isn't interested buyers -- it's capital. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized windshield wipers retail business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
How to Choose a Business Broker
A good business broker is your best bet for a fast and profitable business sale. In the windshield wipers retail business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling windshield wipers retail businesses.
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