Common logic dictates that it's better to buy than to sell during a recession, when prices are low. That's certainly the logic that prevails in the property market, but is it also true of selling a business?
Certainly it can be a challenge to sell a business and get the terms you want, but it can be done.
The first thing you should do if you want to sell your business during a recession is to demonstrate that your company can show profitability in the peaks AND troughs of the economic cycle.
You should also prepare a plan that you can show to prospective buyers, detailing the growth potential of the business.
Finally, you must be prepared to negotiate payment terms. It's a lucky seller indeed who can persuade a buyer to part with 100% of the money upfront, especially in the current climate. It's more realistic that a buyer will want to negotiate staged payments or even an earn-out period.
Vendor-financed deals are working very well in this climate, but if this is something you want to pursue you should definitely talk to a professional advisor about the best way to structure the deal.
Sell a business for no cost.
The provision of market leading resources for the Educational Sector principally delivering the faculty of English using programmes, lesson plans and resources together with training to inspire and enhance schools and their pupils in all areas of lit...
Long-established print management and design company managed by an experienced team who will remain in situ post acquisition.
An established, stylish town/city centre restaurant. The business is fully equipped and ready to trade with exceptional public areas both internally and externally within a historic part of the main commercial district.
LEASEHOLD
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