Business Exits By Industry
Selling a Chiropractic School
Unfortunately, many sellers are waiting to list their chiropractic schools until the economy fully rebounds. We think that's a mistake because for the right buyers, chiropractic schools are a great investment.
If you plan on selling your chiropractic school quickly, prepare to be disappointed.
Does that mean selling your chiropractic school will be a piece of cake? No -- but you might be surprised to learn that the chiropractic schools that are selling these days are finding success though simple, common sense selling strategies.
Timing Your chiropractic school Sale
If you're feeling like your tenure as the owner of the chiropractic school is coming to an end, the time to sell is now. Some experts are telling chiropractic school owners to wait for a better economy to put their business on the market. But despite the negativity that exists in some sectors, if you have a desire to sell your chiropractic school now, there is a high probability that you can sell it in the current market. The inventory of what we consider to be quality chiropractic schools is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
The Best Person to Sell Your Chiropractic School
There are benefits and drawbacks to handling the sale of your chiropractic school on your own. Without a doubt, you have the most at stake in the outcome of your sale. That makes you the most passionate advocate for your chiropractic school in the business-for-sale marketplace. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. At a minimum, conduct an independent appraisal of the chiropractic school to gain an objective sense of fair market value.
Closing Strategies
Today's chiropractic school buyers expect sellers to offer concessions to persuade them to close the deal. Concessions can consist of non-cash as well as cash incentives. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. A limited amount of training and mentoring may seem inconsequential to you, but to a young chiropractic school owner, they can be critical launching points for their ownership journey.
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