Exit Coach Bill Black interviews Top Advisors for Tips, Ideas & Precautions for Business Owners who want to grow and protect their company value and plan for a successful Business Sale or Transfer. Listen daily so you can be well-planned!
Episodes
Wednesday Feb 19, 2014
Wednesday Feb 19, 2014
There are
many things in the bundle when you package your business for sale besides your
financial bottom line. There is your
company’s goodwill and your company’s facilities whether they be leased or
owned. In both instances, your physical
plant – be it warehouse, office, or retail – is a reflection on your company. Be mindful to make them a valuable asset in
the sale package, not a liability.
Here are a
few key precepts to keep in mind when you make key real estate decisions
leading up to the eventual disposition of your company:
·
Remember that the image of your building
reflects your company’s culture and makes a major impression on your employees
as well as your visitors – or potential buyers
·
Be sure to negotiate the transferability of any
lease renewal options
·
Make sure the building you occupy is efficient
and functional for your business operations.
·
Keep the Permitted Use language flexible to keep
your future options open.
Avail
yourself of the services of a competent commercial real estate broker who will
help you plan for these and many other critical considerations that affect your
bottom line.