Exit Planning Advice By Market
Selling an Acupuncture and Acupressure Practice
Is the economy still a little shaky for a business sale? Sure it is. Yet acupuncture and acupressure practices continue to sell at a brisk pace, regardless of the economy.
Most entrepreneurs have the skills and stamina to endure and prosper during the sale ofan acupuncture and acupressure practice.
If you're ready to move on, now is the right time to sell your acupuncture and acupressure practice.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your acupuncture and acupressure practice'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.
Sale Preparation Timeframes
Preparing an acupuncture and acupressure practice sale takes time. Since buyers prefer to see evidence of future cash flow, you'll want to to strategically lock in cash flows and increase profits before you list the business. Additionally, prospective buyers usually request documentation that allows them to understand the business's daily workflows and operational strategy. Since all of this takes time and effort, a acupuncture and acupressure practice can rarely be ready for the marketplace in less than six months. If you can afford to wait, we recommend investing a few years in improving your business's financial position before you put it on the market.
After the Sale
As your acupuncture and acupressure practicesale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
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