Niche Exit Planning Tactics
Selling a Women's Shoe Store
We hear from a lot of business owners who are timid about listing their women's shoe store. Despite the mood of the market, we think there are still opportunities to receive a good price for your women's shoe store. Here's what you need to know . . .
With planning and patience, most women's shoe stores can be sold for a fair price in the current business-for-sale marketplace.
For sellers who are willing to perform adequate sale preparation, the numbers make women's shoe stores a solid investment for qualified buyers in the business-for-sale marketplace.
The Best Person to Sell Your Women's Shoe Store
An unassisted business sale is a double-edged sword. Without a doubt, you have the most at stake in the outcome of your sale. That makes you the most passionate advocate for your women's shoe store in the business-for-sale marketplace. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. Business brokers and other third-party consultants bring objectivity to the sale process and give you much-needed insight about buyers' mindsets.
Family Business Sale Tips
Selling a business to a family member might sound like the best of both worlds. You get an exit strategy, your women's shoe store stays in the family, and everyone is happy. Yeah, right. Often, a sale to a family member creates fractures within the family. Unless you have agreed to treat the family member like any other buyer, the risk of hard feelings among other potential heirs or family members is high. The best advice: if a family sale is a possibility, it needs to be handled objectively, with ample input from third-party advisors.
Moving On
The decision to sell your women's shoe store can't be made without adequate consideration of what will happen after the sale. many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. We frequently encounter business sellers who haven't thought enough about their futures to know whether certain concessions (e.g seller financing) are a real possibility. As a result, they make bad decisions during the sale and experience less-than-optimal outcomes.
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