Exit Planning Advice By Market
Selling an Archery Instruction Business
There are few things as intimidating as selling a business in a sluggish economy. Fortunately, a archery instruction business sale isn't as scary as it seems.
When it comes to selling an archery instruction business, there are no shortcuts to success.
However, serious buyers also understand the value of a good archery instruction business. So for archery instruction business sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
Moving On
The decision to sell your archery instruction business 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. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
Selling an Archery Instruction Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based archery instruction business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
The Best Person to Sell Your Archery Instruction Business
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 archery instruction business in the business-for-sale marketplace. However, your close connection to your company can also be a drawback. Business owners are subjective and biased about their company's true worth. At a minimum, conduct an independent appraisal of the archery instruction business to gain an objective sense of fair market value.
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