Sell a Business Tips
Selling a Social Security Attorneys Business
Don't believe anyone who tells you it's easy to sell a social security attorneys business. A lot of things need to happen before you can successfully exit your business. We'll tell you how to thrive in the middle of it and get top dollar for your company.
An assortment of hurdles and obstacles stand between you and the successful sale of your social security attorneys business.
Despite the conventional wisdom, we believe current economic conditions are right for selling a social security attorneys business. We'll tell you what you need to know to achieve a successful sale outcome
Laying the Groundwork
Effective social security attorneys business preparation focuses on communicating value to prospective buyers. In our experience, it pays to solicit the advice of a professional business broker as soon as possible. A good broker will guide you through the preparation stage and make sure you've covered all the bases. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium social security attorneys business opportunity.
Broker vs. No Broker
When selling a social security attorneys business, 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 social security attorneys business much less painful. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your social security attorneys business on BizBuySell.com and other popular online business-for-sale listing sites.
Seller Financing
Capital is hard to come by these days. Financial institutions have tightened up their lending policies, making it difficult for inexperienced and undercapitalized entrepreneurs to buy social security attorneys businesses. As a result, buyers expect sellers to finance a significant portion of the sale. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
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