Exit Planning Advice By Market
Selling an Auto Tune Ups Business
It's a misconception that no one is buying auto tune ups businesses these days. Savvy entrepreneurs see auto tune ups business opportunities as a path to short-term profits and long-term growth. Here's what you need to know to get a fair price for your company.
Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
Undaunted by economic conditions, many auto tune ups business sellers are achieving their sale goals through deliberate sale strategies.
Factoring In Economic Variables
When you sell an auto tune ups business, there are a number of variables you need to consider. A combination of economic conditions and market sentiment can complicate your sale. The truth is that perfect market conditions may never materialize. A much better approach is to focus on the factors that always attract buyers and investors. One thing is for sure - buyers are paying more attention to your company's profitability and growth potential than they are to the latest quarterly economic indicators.
Broker vs. No Broker
When selling an auto tune ups business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your auto tune ups business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Family Business Sale Tips
Selling a business to a family member might sound like the best of both worlds. You get an exit strategy, your auto tune ups business stays in the family, and everyone is happy. Yeah, right. In fact, selling your auto tune ups business to a family member can quickly become a no-win proposition. Unless you have agreed to treat the family member like any other buyer, the risk of hard feelings among other potential heirs or family members is high. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
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