Business Exits By Industry
Selling a Christian Science Practitioners Business
Don't believe anyone who tells you it's easy to sell a Christian Science practitioners business. A lot of things need to happen before you can successfully exit your business. We'll tell you how to thrive in the middle of it and get top dollar for your company.
You won't find any magic formulas for selling a Christian Science practitioners business, especially while the market is struggling to overcome the perceptions created by a down economy.
At Gaebler, we think waiting for the economy to rebound is a mistake for many business owners. Selling a Christian Science practitioners business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Advantages of Hiring a Broker
A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
Selling to a Family Member
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based Christian Science practitioners business sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
Preparing Your Christian Science Practitioners Business for Sale
The outcome of a business sale is largely determined prior to a market listing. Profitable Christian Science practitioners business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Even though it may take years to adequately position your Christian Science practitioners business, the amount of preparation you perform will have direct correlation on asking and sale prices. Additionally, you'll need time to compile financials and other information that buyers will expect to receive.
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