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Maximize the value of your car wash and achieve a successful sale.

Why Can’t I Sell My Business?

Imagine having plans to move to retire, relocate or move to another country, but nothing can take place until the sales of your business is completed. The business has been on the market for what feels like forever. The first 6 months were tough, but now, as it has almost been a year without any potential buyers, there is tremendous worry. There is this deep unfortunate feeling that it will never sell. 

You keep asking yourself, “Why, why won’t it SELL?”

Here are 6 possible reasons why you can’t sell your business:

Before listing your business for sale, really do some market research. If you put a price on the business of what you feel it is worth…it probably is a bad idea. Also, if you do get an offer and the potential buyer backs out, be careful. Many buyers will use that number as the floor price. Too many times, I have met sellers who tell me they were given an offer that didn’t go through (and looking at the business the offer was ridiculously high) only to say they won’t take any number less than that moving forward.

If the business was doing great numbers (revenue, EBITDA, margins, hitting the right metrics) years back, but that has changed and the last several years things have been getting worse and worse, heading in the wrong direction, that might be enough for potential buyers to pass on your business.

If the business does not have a clear path to grow or if the market it operates in is stagnant or declining, potential buyers may not see it as a good investment.

Customer complaints and online reviews may not only impact the business while you are wanting to operate it, but a potential buyer might see what’s online and feel the negative reputation makes the company a risky investment.

If the business has poorly trained or unmotivated employees, the business culture might not be appealing to a buyer.
This is pretty self-explanatory, but basically things might look good on paper, but once things are checked a little closer, warning signs jump out. In conclusion, there could be several reasons why your business may not sell. To improve the chances of selling your business, do your own due diligence in your company before taking it out to market. Really look at it from the eyes of a potential buyer. Bring in third party experts to take a look and provide feedback. Once the business is ready for sale, do your research on the market and what the current appetite is for your business and be adaptable to making changes as you get feedback. With the proper preparation, flexibility and adaptability you strengthen your position for your targeted outcome.
Years of Experience
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Successful Business Sales
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At Australian Car Wash Sales, we have the expertise and resources to guide you through every step of the selling process. By partnering with us, you can confidently navigate the complexities of selling your car wash, knowing that you have a dedicated team working diligently to achieve your desired outcome. Take the first step today by contacting us to arrange a personal consultation.

Contact Philip Knaggs

+61 432 631 031

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