Business Exit Planning
Selling a Myofunctional Therapists Business
A lot can go wrong during the sale of a myofunctional therapists business in today's economy. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.
When the economy recovers, we expect to see a sudden influx of myofunctional therapists businesses in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
However, serious buyers also understand the value of a good myofunctional therapists business. To sell your myofunctional therapists business, you'll need to go the extra mile to prove your company has the potential to deliver steady revenue and a solid ROI.
Preparing Family Members
Since your business was a family affair, your family members should also be involved in its sale 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 myofunctional therapists business often begins with a family conversation and a mutual decision to move on the next stage of life.
Seller Financing
The shortage in today's marketplace isn't interested buyers -- it's capital. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized myofunctional therapists business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. As you prepare for the sale of your myofunctional therapists business, expect to be asked to finance a substantial part of the sale price.
Working with Appraisers
There is no substitute for a qualified appraisal in the sale of your myofunctional therapists business. By hiring an appraiser to conduct a thorough appraisal of tangible and non-tangible assets prior to listing, you get a measure of the true worth of your business. Although the appraised value of your business may not be the same as the sales price, you gain valuable insight that can be used to your advantage during negotiations. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.
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