How to Sell a Niche Market Business
Selling an Exotic Birds Dealers Business
When it's time to sell your exotic birds dealers business, your future plans depend on your ability to get the highest possible sales price. Here's how to do it . . .
Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell an exotic birds dealers business in today's market.
If you're ready to move on, now is the right time to sell your exotic birds dealers business.
What About Market Conditions?
No one plans to sell an exotic birds dealers business in a down economy. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. But when the economy fully rebounds, a shadow inventory of exotic birds dealers businesses will flood the market and drive prices down even further. So what's our point? The economy isn't the most important factor in the sale of your business. Instead, you should be focusing on making your exotic birds dealers business as attractive as possible so to buyers right now.
Pros & Cons of a Sale to an Employee
Employee sales have pros and cons. A key employee may seem like a natural sales prospect. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based exotic birds dealers business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
Are You the Right Person to Sell Your Business?
There are benefits and drawbacks to handling the sale of your exotic birds dealers business on your own. On the one hand, no one knows your business better than you do. When it comes to earnings potential, asset condition, and other considerations, you are the world's leading expert on your company. The problem is that your passion for your business can also sabotage your sale. Nearly all sellers have an inflated sense of their company's value. Business brokers and other third-party consultants bring objectivity to the sale process and give you much-needed insight about buyers' mindsets.
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