The Greatest Way to Sell a Dog Kennel Business
When you are looking to sell a dog kennel, here are a few things that will make it easier. If you have done your research and know the going price for this type of business in your area, it will help set the right expectations with potential buyers. Likewise, if you have an attractive website with all the necessary information on it- including prices and contact information- then people can get everything they need quickly.
How do should I value my dog kennel?
The first step is to estimate how much your business is worth. You want the price to be fair, but you also don’t want it to be too low and cause a potential buyer to walk away from negotiations. Valuing a dog kennel depends on several factors:
How is your business’s customer base?
If you have many customers who leave their dogs with you regularly, then your business will be worth more. Having return customers is an important asset. Buyers are more likely to want your business if they know they’ll have potential customers. A good way to bring in return business is by offering deals to regulars. In addition, you can offer services like pet grooming, doggy daycare, or dog training classes.
What dog breeds do you allow?
Depending on what kind of dog breeds you board will determine what types of services you should offer. For example, if you have aggressive dogs, they will need individual playtime and walks without other dogs. Allowing some breeds while not allowing others will affect your customer base, and you will have fewer opportunities to have returning customers. But remember that every service you offer can be presented as an asset to potential buyers.
What are your business expenses?
It is also important to consider how much time you spend working on the business each day. If it takes several hours every day, you should definitely include your labor when talking to potential buyers! You can also factor in your utility expenses like gas and electricity (if there are separate meters for the kennel side and home) as well as property taxes at a particular address.
How can I market my business online?
Once you have gone through the information above, it’s time to start thinking about how you can market your business online. One of the best things about the internet is that there are many different ways to reach potential buyers searching for a business like yours.
Many of these people will be looking at websites online- which is why it’s important to have an attractive website that has all your contact information. You can also market your business online by listing it on websites like Craigslist or specific business selling sites.
How do I sell a dog kennel?
Start by taking stock of what you have. Put a price on every item in the business and include that in your overall value. Decide how you want to market your business and then take action! Keep yourself informed about local real estate news and study your competitors’ success to find out what works best for them.
Make sure your finances are on point so that potential buyers can see exactly what they are getting. If you make it as easy as possible for them and give them everything they need, then the chances of selling your business increase exponentially!
Should I work with a business broker?
If you are not very savvy with the internet or don’t know how to find prospective buyers, then it can be a good idea to work with a business broker. They will market your business online by reaching out to people all over the country who are looking for businesses like yours and help you get in contact.
They also vet potential buyers so you won’t get stuck dealing with people who aren’t serious about buying (like some of these types of sales can end up being). Basically, they do all the hard work for you! All that’s left is negotiating on price and signing some paperwork. So consider working with Sunbelt Business Brokers of Florida to make the selling process easy. We are here to help you sell your business the hassle-free way!
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