How to Sell a Niche Market Business
Selling an Exercise and Fitness Equipment and Supplies Wholesale and Manufacturers Business
When it's time to sell your exercise and fitness equipment and supplies wholesale and manufacturers business, your future plans depend on your ability to get the highest possible sales price. Here's how to do it . . .
We hear it all the time: "I'm waiting until the economy recovers to list my business."
The business-for-sale market is extremely dynamic. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a exercise and fitness equipment and supplies wholesale and manufacturers business sale. To improve sale outcomes, you will simply need to tailor your exercise and fitness equipment and supplies wholesale and manufacturers business to today's buyers.
Broker vs. No Broker
The decision of whether or not to hire a business broker should never be taken lightly. 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 exercise and fitness equipment and supplies wholesale and manufacturers business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Preparing Family Members
Many sellers embarked on their exercise and fitness equipment and supplies wholesale and manufacturers business sale without adequately considering the impact it will have on their families. Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. Subsequently, selling an exercise and fitness equipment and supplies wholesale and manufacturers business has to include ample communication and shared decision-making.
Selling to a Family Member
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based exercise and fitness equipment and supplies wholesale and manufacturers business sale can be more complicated than selling to a stranger. In fact, selling your exercise and fitness equipment and supplies wholesale and manufacturers business to a family member can quickly become a no-win proposition. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. The best advice: if a family sale is a possibility, it needs to be handled objectively, with ample input from third-party advisors.
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