Profitable Niche Market Exit Plans
Selling an Outboard Motors Wholesale and Manufacturers Business
Selling an outboard motors wholesale and manufacturers business doesn't happen overnight. It takes a deliberate process to get top dollar for your company.
Personal and professional concerns surround the sale of an outboard motors wholesale and manufacturers business. In our experience, a common owner concern is how the sale will affect customers and employees.
Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your outboard motors wholesale and manufacturers business.
Sale Costs
In an outboard motors wholesale and manufacturers business sale, pricing is based on a number of factors, including the costs incurred during the sale. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Professional consultations can also represent a significant expense during the course of an outboard motors wholesale and manufacturers business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Selling to a Family Member
There is no easy way to sell an outboard motors wholesale and manufacturers business, not even to a family member. In fact, selling your outboard motors wholesale and manufacturers business to a family member can quickly become a no-win proposition. Unless you have agreed to treat the family member like any other buyer, the risk of hard feelings among other potential heirs or family members is high. The best advice: if a family sale is a possibility, it needs to be handled objectively, with ample input from third-party advisors.
Pre-Sale Checklist
The upfront time you investment in the sale of your outboard motors wholesale and manufacturers business will pay big dividends at closing. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.
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