Profitable Niche Market Exit Plans
Selling an Oriental Goods and Foods Retail Business
Market shifts affect business values and the oriental goods and foods retail business marketplace has been a shaky environment for sellers. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling an oriental goods and foods retail business during challenging economic times.
Like it or not, an oriental goods and foods retail business sale is a complicated affair, made even more difficult by the emotions associated with leaving a business you've poured your life into. In our experience, a common owner concern is how the sale will affect customers and employees.
Most oriental goods and foods retail businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
The Emotions of a Business Sale
Coping with the emotions of a business sale can be difficult, even under the best of circumstances. Be prepared to experience everything from elation to remorse during the sale of your business. It's important to allow yourself time to process your emotions during your exit. But since it's important to remain as objective and rational as possible, we also recommend establishing a firm sale strategy and negotiation team to limit the impact of your personal feelings on the sale outcome.
Broker vs. No Broker
Anyone who has ever sold an oriental goods and foods retail business has eventually needed to decide whether to use a business broker or go it alone. 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 oriental goods and foods retail business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Buyer Identification
It's difficult to predict where the buyer of your oriental goods and foods retail business will come from. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
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