Sell a Business Tips
Selling a Speech and Language Pathologists Business
Business-for-sale markets are susceptible to a variety of influences. As you know, the speech and language pathologists business industry has seen more than its share of fluctuations in business values. Here's what you'll need to know to sell a speech and language pathologists business during challenging economic times.
Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a speech and language pathologists business sale works.
At Gaebler, we think waiting for the economy to rebound is a mistake for many business owners. With hard work and dedication, your speech and language pathologists business can be sold at or above fair market value right now.
Should I Hire a Business Broker?
When selling a speech and language pathologists 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 speech and language pathologists business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Preparing Family Members
Since your business was a family affair, your family members should also be involved in its sale Whether you realize it or not, your speech and language pathologists business has been an important part of your family life. The sale of the business will likely result in new family dynamics. Subsequently, selling a speech and language pathologists business has to include ample communication and shared decision-making.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your speech and language pathologists business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. When you conduct your appraisal of your assets, note their condition and include it in the information packet you prepare for prospective buyers.
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