Business Exits By Industry
Selling a Chiropractic X-Ray Laboratories Business
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet chiropractic x-ray laboratories businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
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 chiropractic x-ray laboratories business on the market.
Leveraging Seller Concessions
It's becoming more difficult to sell a chiropractic x-ray laboratories business without considering seller concessions. The most common seller concession is seller financing. Traditional lenders and investors are gun shy - and that makes sellers a logical funding source for many buyers. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Hiring an Attorney
It's obvious that you're going to need to hire an attorney to finalize the sale of your chiropractic x-ray laboratories business. A good lawyer serves a variety of functions during the process. In addition to reviewing the letter of intent, sales contract, and other documents, your attorney should be capable of advising you about due diligence and the tax consequences of the sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Timing Your chiropractic x-ray laboratories business Sale
Most business owners know when it's time to exit their company. Some experts are telling chiropractic x-ray laboratories business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the chiropractic x-ray laboratories business marketplace. The inventory of what we consider to be quality chiropractic x-ray laboratories businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
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