Business Exits By Industry
Selling a Computer Technology School
The decision to sell your computer technology school isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.
In a down economy, many computer technology school sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of computer technology schools that are actually for sale.
At Gaebler, we're seeing computer technology school sellers succeed by applying sound sales principles combined with a refusal to be intimidated by a down economy.
How to Choose a Business Broker
A good business broker is your best bet for a fast and profitable business sale. No two computer technology school sales are alike. That means you'll want to look for a broker who has been around the block and possesses substantial experience selling businesses in the industry. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling computer technology schools.
How to Skillfully Address Buyer Concerns
Buyers can present challenges, especially during the due diligence stage. It's completely normal for computer technology school sellers to be asked pointed questions during due diligence. Avoid answering buyer concerns with vague generalities. Instead, be as specific as possible, even if it means doing additional research before offering a response. Refer to the Letter of Intent to determine how to wrap up due diligence and move the buyer on to closing.
What to Expect in a Computer Technology School Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your computer technology school. The emotions of a sale are complicated by the fact that it may take time to locate the right buyer and the final sale price may be less than you think your computer technology school is worth. Although it isn't easy, you can mitigate the emotional impact of a computer technology school sale by setting realistic expectations before you list your business.
Share this article
Additional Resources for Entrepreneurs