Firm owners depend on exit business strategies to sell their business. The reasons to sell vary greatly; the important thing is not to let them stand in the way of a good deal.
“Courier Business for Sale” — we often read such ads in the list of classifieds.
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Why do they sell it? That’s the first question that forms in one’s mind. After which… is it worth buying it?
Selling for the right reasons makes a difference
A promising business often gets sold because the owner faces serious health problems or even old age and cannot continue to operate it. This is the worst case scenario to advertise a business for sale. You will not have the time and the physical capacity to deal with the stress associated with closing a good deal, not to mention that the buyer can use the circumstances against you.
The right factors…
You want to do something else in life – stop working, move to another place etc .
Not really providing your prospective buyer having a clear positive reason for selling discourages further discussions. Therefore , be prepared to reply to lots of questions in that direction. You could also ask for an expert’s advice on the situation so that you know how to honestly, yet favorably, handle the situation.
Make a list with the property of the courier business for sale:
– Office space
– Home furniture
– Office equipment
– Customer lists
– Trademark etc .
Identifying which assets you want to sell signifies the starting point of any business exit strategy. If your courier business is incorporated, you should decide the way you are going to sell it. The options are:
: Asset Sale which implies selling everything to the corporation except for the incorporated company itself
– Share sales where you sell everything, included company included
Utilize a business valuation method to find out the cost of your courier business. Valuation might be performed depending on future earnings or even based on assets. The earning value approach represents the most popular business valuation method; yet, professionals who assess businesses for sale use a combination of strategies while also taking into account the economic and market trends as well as the deal amount of other similar businesses.