Exit Planning Advice By Market
Selling an Advertising Employment Agency
Is the economy still a little shaky for a business sale? Sure it is. Yet advertising employment agencies haven't been deterred. In fact, we think this economy is a ripe environment for a advertising employment agency sale.
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to advertising employment agencies that exhibit strong financials and potential for future growth.
When Is the Right Time to Sell?
When is it the right time to sell your advertising employment agency? If you're asking the question, now may be the time to put your business on the market. Some experts are telling advertising employment agency sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the advertising employment agency marketplace. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Working with a Professional Accountant
Accountants lay the financial groundwork for a business sale. Before your advertising employment agency goes on the market, you should sit down with your accountant to clarify your financial goals and the tax consequences of a sale. You may also want your accountant to assist in the preparation of professional financials to present to serious buyers. In many instances, your accountant will be invaluable in evaluating prospective buyers' financial position and buying capacity.
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized advertising employment agency 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.
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