Selling a Business Advice
Selling an Interior Decorators' and Designers' Supplies Wholesale and Manufacturers Business
Forget about what you read in the paper -- interior decorators' and designers' supplies wholesale and manufacturers businesses are being sold everyday and the business-for-sale market is poised for even greater growth in the months ahead.
The interior decorators' and designers' supplies wholesale and manufacturers business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.
The economy hasn't squashed the market for interior decorators' and designers' supplies wholesale and manufacturers businesses. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.
When Is the Right Time to Sell?
When is it the right time to sell your interior decorators' and designers' supplies wholesale and manufacturers business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling interior decorators' and designers' supplies wholesale and manufacturers business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the interior decorators' and designers' supplies wholesale and manufacturers business marketplace. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Selling an Interior Decorators' & Designers' Supplies Wholesale & Manufacturers Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. 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. Most of the time, employees also expect owners to finance a large portion of the sale. So if you aren't willing to finance the sale or need to get top dollar for your interior decorators' and designers' supplies wholesale and manufacturers business, a sale to an employee is probably not a possibility.
Broker vs. No Broker
When selling an interior decorators' and designers' supplies wholesale and manufacturers 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 interior decorators' and designers' 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.
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