Exit Planning Advice By Market
Selling an Adolescent Counseling Center
Is the economy still a little shaky for a business sale? Sure it is. Yet adolescent counseling centers haven't been deterred. In fact, we think this economy is a ripe environment for a adolescent counseling center sale.
The business-for-sale market is just as frustrating for buyers as it is for sellers these days. Although there are plenty of entrepreneurs who want to buy an adolescent counseling center, capital restrictions are holding them back.
Many business owners don't know that adolescent counseling centers are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Sale Documents
In an adolescent counseling center sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.
Setting the Stage
A successful adolescent counseling center sale begins with careful planning. Although you are convinced your business has value in the marketplace, the planning process establishes a framework for communicating its value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate an adolescent counseling center to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium adolescent counseling center opportunity.
Dealing with Tire Kickers
Many prospective buyers will have a strong desire to acquire your adolescent counseling center. The bad news is that they will lack the financial capacity to close the deal. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. Good business brokers are adept at separating serious buyers from the rest of the pack. Never provide detailed information about your adolescent counseling center until the prospect has been qualified as a serious buyer.
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