Reducing Risk in the Sale of Your Vacation Rental Business
- June 21, 2018
- Posted by: Ben Edwards
- Category: Blog, Resources
In many cases, the sale of your vacation rental business will be the largest and most important transaction in your career. Needless to say, it is a material transaction and one that requires patience, knowledge and diligence. Having your eyes wide open is a phrase that is often used when conducting business and nothing could be more true when selling your business. If you are considering an exit, success is determined by a number of factors. Obtaining the maximum purchase price is obviously a primary consideration, but almost equally as important is reducing your risk subsequent to closing. When the business is sold, having contingent risk, or opening yourself up to personal liability is also a strong consideration when choosing the right buyer.