Exit Planning Advice By Market
Selling an Administrative Assistants Employment Agency
It's a misconception that no one is buying administrative assistants employment agencies these days. Savvy entrepreneurs see administrative assistants employment agency opportunities as a path to short-term profits and long-term growth. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell an administrative assistants employment agency in today's market.
Most administrative assistants employment agencies are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. The most common seller concession is seller financing. Traditional lenders and investors are gun shy - and that makes sellers a logical funding source for many buyers. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Timing the Market
Now may be the best time to sell an administrative assistants employment agency. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on administrative assistants employment agencies. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. At Gaebler, we recognize the value of timing the sale of your administrative assistants employment agency. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
Sale Documents
In an administrative assistants employment agency sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.
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