Selling a Company Advice
Selling an Urban and Regional Planners Business
Is the economy still a little shaky for a business sale? Sure it is. Yet urban and regional planners businesses haven't been deterred. In fact, we think this economy is a ripe environment for a urban and regional planners business sale.
The economy isn't the only thing that is uncertain these days. So are urban and regional planners business buyers, many of whom are waiting to pull the trigger on their next acquisition.
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a urban and regional planners business.
Sale Preparations for Your Urban & Regional Planners Business
The outcome of a business sale is largely determined prior to a market listing. Attractive urban and regional planners business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Everything you do to increase market share and profitability has a payoff in the final sale price of your urban and regional planners business. Additionally, you'll need time to compile financials and other information that buyers will expect to receive.
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized urban and regional planners business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Legal Considerations
It's obvious that you're going to need to hire an attorney to finalize the sale of your urban and regional planners business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. It's helpful to introduce your attorney to your broker to facilitate a smooth sale and a productive working relationship.
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