The right approach can help you reach your objectives and ensure a smooth and prosperous transaction. Let’s explore six key negotiation strategies to employ when selling your dealership. These tactics will help you make the most informed decisions and maximize value.
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Today, we would like to shed light on an essential tool that can significantly impact the success of selling your dealership: the Confidential Information Memorandum (CIM). This document, when prepared by a skilled broker, offers a range of benefits to you. Let’s explore some of these advantages in detail:
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Previously, I talked about the “Silver Tsunami” and what this meant for eager business owners that were ready and willing to grow (if you need a refresher, visit the blog here.) While the opportunity is promising, exciting, and so close, you can taste it; there are essential steps that[…]
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The first question is always, why use an intermediary when I know what I want?
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The Washington Post has recently dubbed a cultural phenomenon as the “Silver Tsunami.”
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Normalizing your financial statements is a crucial step involved with selling your dealership.
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There’s no doubt about it, with the economy being turned on its head, price points and consumer behavior is shifting, and purchases of dealerships are seeing changes as well. But what’s happening?
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The truth is that there are specific periods in the year that are better to sell in than others.
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Something else I like to spend these last few weeks doing is planning for the following year, by reflecting on the previous year’s accomplishments.
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Here are a few guidelines to help make selling your business a painless experience that preserves your legacy:
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