Sell a Business Tips
Selling a Sleep Disorders Medical Practice
Many business leaders say that now isn't the time to try to sell a sleep disorders medical practice. At Gaebler, we think it's a great time to sell a sleep disorders medical practice. Here's why . . ..
With planning and patience, most sleep disorders medical practices can be sold for a fair price in the current business-for-sale marketplace.
You'll always have an excuse for not putting your business on the market. Selling a sleep disorders medical practice isn't easy, but we believe sellers can achieve their goals in any economic environment.
Equipment and Inventory Concerns
Buyers typically perform an independent appraisal of your sleep disorders medical practice's physical assets. Your appraisal should occur before you put your business on the market. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your sleep disorders medical practice.
Timing the Market
Now may be the best time to sell a sleep disorders medical practice. Although the economy is generally struggling, low interest rates make sleep disorders medical practices more attractive to entrepreneurs who want to get in the game. When the economy recovers there will be more sleep disorders medical practice buyers on the market, but higher interest rates could present challenges. At Gaebler, we recognize the value of timing the sale of your sleep disorders medical practice. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
Broker vs. No Broker
When selling a sleep disorders medical practice, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your sleep disorders medical practice much less painful. If you're on the fence, do your research before you make a final decision. BizBuySell.com and other websites offer detailed information about brokers and the process of performing a brokered sleep disorders medical practice sale.
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