Exit Planning Advice By Market
Selling an Auto Alternators and Starters Service and Repair Business
Forget about what you read in the paper -- auto alternators and starters service and repair businesses are being sold everyday and the business-for-sale market is poised for even greater growth in the months ahead.
According to the experts, there is currently a large volume of shadow inventory in the auto alternators and starters service and repair business market -- businesses that are waiting to be listed until the economy recovers.
But the good news is that there is still demand for auto alternators and starters service and repair businesses that present well and offer solid earning potential.
Working with Appraisers
Next to your broker, a skilled appraiser is the person most capable of adding value to the price of your auto alternators and starters service and repair business. Armed with a professional appraisal, both you and your broker can enter the negotiation stage with confidence. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.
Preparing for What's Next
The decision to sell your auto alternators and starters service and repair 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.
Preparing Your Employees
As a business owner, you want to keep you employees informed about your plans; as a seller it's in your best interest to keep your employees in the dark for as long as possible. You're concerned about confidentiality, and rightfully so. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. Consider informing your key employees first, followed by the rest of your workforce later in the process. Maintain a positive tone in your conversations and answer your employees questions as completely as you can without jeopardizing the sale.
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