Exit Planning Advice
Selling a Karate, Judo, and Kung Fu Instruction Business
Business-for-sale markets are susceptible to a variety of influences. As you know, the karate, judo, and kung fu instruction business marketplace has been a shaky environment for sellers. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling a karate, judo, and kung fu instruction business whem market conditions threaten a successful business sale.
You need to get a good price for your karate, judo, and kung fu instruction business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Eventually, it will the time will come to exit your business. And when that day arrives, you need to know how to sell your karate, judo, and kung fu instruction business in a way that achieves positive outcomes for you and the business.
Setting the Stage
Effective karate, judo, and kung fu instruction business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a karate, judo, and kung fu instruction 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 karate, judo, and kung fu instruction business opportunity.
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.
Dealing with Buyers
It's a common scenario: in an effort to perform a thorough due diligence process, buyers flood karate, judo, and kung fu instruction business sellers with questions and requests, often to the point of becoming a nuisance. The questions karate, judo, and kung fu instruction business ask during due diligence are designed to alleviate their concerns about the business and should be promptly addressed by the seller. Avoid answering buyer concerns with vague generalities. Instead, be as specific as possible, even if it means doing additional research before offering a response. If due diligence drags on too long, your broker may need to intervene.
Share this article
Additional Resources for Entrepreneurs