Exit Planning Techniques By Market
Selling a Family Crisis Intervention Service
Think family crisis intervention service sales have dwindled to a standstill? Think again. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
Cutting corners never pays off, especially in the sale of a family crisis intervention service.
You'll always have an excuse for not putting your business on the market. With hard work and dedication, your family crisis intervention service can be sold at or above fair market value right now.
Selling to a Family Member
Selling a business to a family member might sound like the best of both worlds. You get an exit strategy, your family crisis intervention service stays in the family, and everyone is happy. Yeah, right. Often, a sale to a family member creates fractures within the family. Unless you have agreed to treat the family member like any other buyer, the risk of hard feelings among other potential heirs or family members is high. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
Preparing Family Members
You're ready to sell your family crisis intervention service, but is your family prepared for the transition? Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. Unless everyone is prepared for it, the sale could have a devastating effect on your family. Subsequently, selling a family crisis intervention service often begins with a family conversation and a mutual decision to move on the next stage of life.
Sale Costs
In a family crisis intervention service sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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