Sell a Business for the Best Price
Selling a Podiatry Clinic
Many business leaders say that now isn't the time to try to sell a podiatry clinic. At Gaebler, we think it's a great time to sell a podiatry clinic. Here's why . . ..
You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a podiatry clinic.
If you're looking for a reason to wait to put your business on the market, you'll find it. Any podiatry clinic can be sold at any time -- you just need to know how to influence the right buyers.
Benefits of Third-Party Assistance
There are a range of professionals available to guide you through the sale of a podiatry clinic. Brokers can be an important resource for your sale, especially if you are unfamiliar with the business-for-sale marketplace. Additionally, you may want to hire professionals for legal, valuation and other functions before you put your business on the market. In most cases, your sale strategy will call for the assistance of outside professionals at various stages throughout the process. Early recruitment makes it easier to execute your strategy without unnecessary interruptions.
Emotional Considerations
Prepare yourself to feel a broad range of emotions when you sell a podiatry clinic. From hopefulness to remorse, it's all part of exiting of your company. The emotions of a sale are complicated by the fact that it may take time to locate the right buyer and the final sale price may be less than you think your podiatry clinic is worth. Although it isn't easy, you can mitigate the emotional impact of a podiatry clinic sale by setting realistic expectations before you list your business.
Pros & Cons of a Sale to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based podiatry clinic sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
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