Exit Planning Advice By Market
Selling an Aircraft Storage Business
Although an aircraft storage business may not be completely recession-proof, the best companies can survive nearly any storm. All it takes is a strategy to identify solid prospects and convert them to buyers.
You won't find any magic formulas for selling an aircraft storage business, especially while the market is struggling to overcome the perceptions created by a down economy.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to aircraft storage businesses that exhibit strong financials and potential for future growth.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your aircraft storage business's physical assets. Your appraisal should occur before you put your business on the market. A pre-sale appraisal is a prerequisite for because it offers insights about your assets' market value before you initiate conversations with prospective buyers. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your aircraft storage business.
Legal Considerations
There is no way around the requirement to hire professional legal assistance when you sell your aircraft storage business. A good lawyer serves a variety of functions during the process. In addition to reviewing the letter of intent, sales contract, and other documents, your attorney should be capable of advising you about due diligence and the tax consequences of the sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
When Is the Right Time to Sell?
Most business owners know when it's time to exit their company. There are a lot of naysayers out there advising aircraft storage business owners to wait for a better economy to put their business on the market. At Gaebler, we have a much more optimistic view of your chances in the aircraft storage business-for-sale market. The inventory of what we consider to be quality aircraft storage businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
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