Profitable Niche Market Exit Plans
Selling an Offset Negative and Plate Services Business
Many business leaders say that now isn't the time to try to sell an offset negative and plate services business. At Gaebler, we think it's a great time to sell an offset negative and plate services business. Here's why . . ..
The business-for-sale market is just as frustrating for buyers as it is for sellers these days. Although there are plenty of entrepreneurs who want to buy an offset negative and plate services business, capital restrictions are holding them back.
If you're ready to move on, now is the right time to sell your offset negative and plate services business.
Leveraging External Resources
Rarely, if ever, do owners sell an offset negative and plate services business without outside assistance. Although it's wise to recruit a business broker, brokerage isn't your only concern. We also suggest hiring an attorney, an appraiser, and an accountant early in the process. The early recruitment of external resources reduces your risk and results in a more predictable final outcome.
Average Preparation Time
Preparing an offset negative and plate services business sale takes time. Since buyers prefer to see evidence of future cash flow, you'll want to to strategically lock in cash flows and increase profits before you list the business. Additionally, prospective buyers usually request documentation that allows them to understand the business's daily workflows and operational strategy. Since all of this takes time and effort, a offset negative and plate services business can rarely be ready for the marketplace in less than six months. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized offset negative and plate services business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. It's common for sellers to finance as much as 70% of the purchase price with a payoff period of four or five years, sometimes in the form of a balloon payment at the end of the repayment period.
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