Profitable Niche Market Exit Plans
Selling an Oil Burners Services Business
You've heard the naysayers - now isn't the time to sell a oil burners services business. But what they don't know is that many entrepreneurs see oil burners services businesses as a smart business investment.
Selling a oil burners services business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to oil burners services businesses that exhibit strong financials and potential for future growth.
Family Business Sale Tips
There is no easy way to sell an oil burners services business, not even to a family member. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
Selecting a Broker
Good business brokers inevitably produce better business sales. In the oil burners services business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling oil burners services businesses.
Average Timeframes
Hoping for a quick oil burners services business sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your oil burners services business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Share this article
Additional Resources for Entrepreneurs