Exit Planning Tips
Selling a Holistic Health Practitioners Business
You've learned a lot during your tenure as a holistic health practitioners business owner. The next step is to position your business for the demands of the business-for-sale marketplace.
The economy isn't the only thing that is uncertain these days. So are holistic health practitioners business buyers, many of whom are waiting to pull the trigger on their next acquisition.
Most holistic health practitioners businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Laying the Groundwork
In addition to improving profitability and market share, planning the sale of your business will require you to think about how you will present your company to buyers. Professional business brokers understand buyers and know how to properly communicate a holistic health practitioners business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium holistic health practitioners business opportunity.
Legal Considerations
It's obvious that you're going to need to hire an attorney to finalize the sale of your holistic health practitioners business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. It's helpful to introduce your attorney to your broker to facilitate a smooth sale and a productive working relationship.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. Not surprisingly, seller financing is routinely requested by today's buyers. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
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