Sell a Business for the Best Price
Selling a Prosthetic and Orthotic Limbs Business
Is the economy still a little shaky for a business sale? Sure it is. Yet prosthetic and orthotic limbs businesses continue to sell at a brisk pace, regardless of the economy.
Personal and professional concerns surround the sale of a prosthetic and orthotic limbs business. In our experience, a common owner concern is how the sale will affect customers and employees.
There is no simple way to sell a business. But the most prepared prosthetic and orthotic limbs business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.
Timing Your prosthetic and orthotic limbs business Sale
When is it the right time to sell your prosthetic and orthotic limbs business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling prosthetic and orthotic limbs business owners to wait for a better economy to put their business on the market. At Gaebler, we have a much more optimistic view of your chances in the prosthetic and orthotic limbs business-for-sale market. With fewer prosthetic and orthotic limbs businesses on the market, there are ample opportunities for sellers to capture the attention of qualified buyers.
Working with Accountants
Accountants come into play at several stages of the sale process. Most prosthetic and orthotic limbs 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.
Identifying Serious Buyers
Unfortunately, many of the prospects you will encounter aren't serious buyers. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. Good business brokers are adept at separating serious buyers from the rest of the pack. It's likely that non-serious buyers will want to know everything about your prosthetic and orthotic limbs business during their initial inquires. Avoid releasing details about your prosthetic and orthotic limbs business until you have established that they have the financial capacity to make a legitimate offer.
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