Exit Planning Advice By Market
Selling an Auto Race Tracks Business
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet auto race tracks businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
Nothing lasts forever and you will ultimately be faced with the task of selling your company. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your auto race tracks business.
Selecting a Broker
Good business brokers inevitably produce better business sales. In the auto race tracks business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling auto race tracks businesses.
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized auto race tracks business 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.
When Is the Right Time to Sell?
When is it the right time to sell your auto race tracks business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling auto race tracks business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the auto race tracks business marketplace. The inventory of what we consider to be quality auto race tracks 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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