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Selling a Child Abuse Hotline Business
Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your child abuse hotline business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
When it comes to selling a child abuse hotline business, there are no shortcuts to success.
The economy hasn't squashed the market for child abuse hotline businesses. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.
Preparing Family Members
Many sellers embarked on their child abuse hotline business sale without adequately considering the impact it will have on their families. Whether you realize it or not, your child abuse hotline business has been an important part of your family life. The sale of the business will likely result in new family dynamics. Subsequently, selling a child abuse hotline business often begins with a family conversation and a mutual decision to move on the next stage of life.
Seller Financing
The shortage in today's marketplace isn't interested buyers -- it's capital. Thanks to more stringent commercial lending requirements, sellers have become de facto lenders, providing the financing buyers need to get their feet in the door. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Post-Sale Details
As your child abuse hotline businesssale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. Ideally, these and other post-sale details should be addressed early on. But if you haven't dealt with them yet, it's important to have a frank conversation with the buyer, your broker and other professionals as soon as possible.
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