Exit Planning Advice By Market
Selling an Art and Jewelry Appraisers Business
Forget about what you read in the paper -- art and jewelry appraisers businesses are being sold everyday and the business-for-sale market is poised for even greater growth in the months ahead.
An assortment of hurdles and obstacles stand between you and the successful sale of your art and jewelry appraisers business.
Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your art and jewelry appraisers business.
Preparing for What's Next
The decision to sell your art and jewelry appraisers business can't be made without adequate consideration of what will happen after the sale. If you aren't sure what's next, you could be in trouble because future plans and selling strategy are inextricably connected. 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.
Buyer Identification
It's difficult to predict where the buyer of your art and jewelry appraisers business will come from. Avoid pigeon-holing your search to a single buyer category. That means listing your art and jewelry appraisers business in trade-specific directories as well as general business-for-sale databases. networking may also prove to be a valuable resource for identifying prospective buyers, but only to the extent that it can be done discreetly.
Tips for Working with A Business Broker
Brokerage is a mainstay of the business-for-sale marketplace. It's typical for art and jewelry appraisers business to rely on brokers to reduce market time and increase the final sales price. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
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