As nearing the age of retirement or planning to transact to another business venture? Some questions you may be asking yourself are how do I sell my business? What information do I need to provide? Will the sale be financed? How do I know my customers will be taken care of?
How will I provide training to the new owner to help him continue running the business I built?
In case of a printing business which has undergone a revolutionary change in the last 15 years. The progressive printers of today are equipped with the latest computer controlled printing machines and flow lines for binding, while state of the art digital technologies are being used in pre-press The compounded annual growth rate of the Indian Printing Industry is estimated to be 12.2%. Still if some printing shop owners are trying to sell their business must consider an exit strategy. The fact is, many independent print shop owners have not thought about their exit strategy and do not have answers to the questions mentioned in the first paragraph. Try to sell it on your own while continuing to run your business. This can be an attractive option because there are no broker fees. However, it will take huge amount of time. Let us consider you trying to sell a house on your own? There is a lot that can come up and you may just want to leave it to professionals who do this kind of thing regularly. buy a business in pune buy a business in pune sell my business in mumbai sell my business in delhi sell my business in gujarat sell my business in kolkata sell my business in bangalore sell my business in ahmedabad
You could contact a business broker who can assist you in many of these areas.Business brokers like KAPSO Business Services typically represent many different types of businesses like (Laundry and dry-cleaning business, Medical tourism company etc.) and have knowledge of local laws and expertise on the type of information a potential buyer will want to review. They will place ads, market your business and meet with potential buyers to show your business. However, the new owner will rely solely on you to provide the training and support.
You could partner with a printing franchise to sell the business. In other cases, a franchise that specializes in printing is likely to be an option. Because a franchise would have the training and support systems already in place, a buyer would not need to have industry experience. Additionally, franchises are often able to provide financing options for the buyer, as well as help negotiate the sale. They also coordinate the transition of the business by providing training and support to the new owner. But, they can have huge terms and conditions.
So to figure out which option is best for you, here are some questions you need to ask yourself. businesses to buy in mumbai businesses to buy in delhi businesses to buy in gujarat businesses to buy in kolkata businesses to buy in bangalore businesses to buy in ahmedabad businesses to buy in pune businesses for sale in mumbai businesses for sale in kolkata businesses for sale in bangalore businesses for sale in delhi gurgaon businesses for sale in pune business brokers in india business brokers in mumbai business brokers in delhi
When is the right time to sell? Even if you may be thinking about selling a year or two down the road, now is a great time to entertain your options. The economy is doing well, there are many business financing options and businesses are being sold in record numbers. Also consider the amount of time it takes to sell your business, from putting together the proper information for a buyer evaluation, then advertising the business and finding the right buyer. It could take 6 to 12 months or longer in some cases to find the right person. Why not get the ball rolling, see what your options are and possibly retire early?
What will it cost me? The cost involved in selling a business may vary, depending on whether you choose to sell it yourself or work through a professional. While brokers like KAPSO Business Services will require a commission, they will also market the business
for sale, find a qualified buyer and assist you with the closing transaction. They have a continued vested interest in helping a new owner build a successful business for years to come. This helps ensure your customers get the proper treatment that they deserve.
What information will a buyer want to see? Preparing solid and clear financial information will help show value and justify an asking price to a buyer. Are sales increasing or decreasing? Is your equipment owned or leased? Buyers will expect to see certain information to evaluate the business and to determine a fair price.
What do I do once my business is up for sale? Here’s a question too few people ask. Just because your business is for sale and you’re retiring, this doesn’t mean it’s time to sit back. It is important to at least maintain the business. Maintain quality and service that you provide, run it like you normally would. Make sure it’s clean, presentable and attractive.