Advice on Niche Market Exit Planning
Selling a Transplant Surgery Practice
Business-for-sale markets are susceptible to a variety of influences. As you know, the transplant surgery practice industry has seen more than its share of fluctuations in business values. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling a transplant surgery practice during challenging economic times.
Despite your best intentions, great business sales don't happen overnight.
There is no simple way to sell a business. But the most prepared transplant surgery practice sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.
Average Timeframes
Hoping for a quick transplant surgery practice sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your transplant surgery practice, you'll need to invest as much as a year in preparing it for prospective buyers. In a good market, an attractive transplant surgery practice can sell in as little as a few months, although it can take more than a year to find the right buyer after the business is listed.
Brokerage Benefits
A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. Second, a good business broker is a master at confidentiality locating transplant surgery practice sale prospects and guiding sellers through negotiations. Brokerage isn't cheap. But even though you can spend as much as 10% of the sale price on a good broker, you'll likely achieve decent ROI through an improved final sale price.
Finding Transplant Surgery Practice Buyers
Qualified transplant surgery practice buyers come from a range of sources and backgrounds. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
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