Business Exits By Industry
Selling a Children Homes Business
A good business is about more than dollars and sense. To make your children homes business what it is today, you've had to fully invest yourself in its success. Now it's time to put that same kind of focus into selling it.
These days, the small and medium-sized business market is more confusing than ever before. Although there are plenty of entrepreneurs who want to buy a children homes business, capital restrictions are holding them back.
At Gaebler, we think that's a mistake because with adequate preparation and the right sale strategy, this might be the best time to put your children homes business on the market.
Professional Appraisals
An experienced appraiser is part and parcel of a successful children homes business sale. By hiring an appraiser to conduct a thorough appraisal of tangible and non-tangible assets prior to listing, you get a measure of the true worth of your business. Although the appraised value of your business may not be the same as the sales price, you gain valuable insight that can be used to your advantage during negotiations. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.
Understanding Market Timing
Now may be the best time to sell a children homes business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on children homes businesses. When the economy recovers there will be more children homes business buyers on the market, but higher interest rates could present challenges. At Gaebler, we recognize the value of timing the sale of your children homes business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your children homes business's real assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A pre-sale appraisal is a prerequisite for because it offers insights about your assets' market value before you initiate conversations with prospective buyers. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your children homes business.
Share this article
Additional Resources for Entrepreneurs