Sell a Business for the Best Price
Selling a Parenting Information and Education Business
We hear from a lot of business owners who are timid about listing their parenting information and education business. Despite the mood of the market, we think there are still opportunities to receive a good price for your parenting information and education business. Here's what you need to know . . .
We're seeing a high volume of shadow inventory in the business-for-sale market.
Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your parenting information and education business.
Selling Time
Hoping for a quick parenting information and education business sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your parenting information and education business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Finding Parenting Information & Education Business Buyers
It's difficult to predict where the buyer of your parenting information and education business will come from. Avoid pigeon-holing your search to a single buyer category. That means listing your parenting information and education business in trade-specific directories as well as general business-for-sale databases. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
Working with Accountants
Accountants lay the financial groundwork for a business sale. Most parenting information and education business have significant tax consequences requiring the input of a qualified accountant. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. In certain instances, it may be appropriate to ask your accountant to vet the financials of prospective buyers, run credit checks or even structure the terms of a seller-financed deal.
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