Exit Planning Advice By Market
Selling an Anti-Aging Medical Practice
You've learned a lot during your tenure as an anti-aging medical practice owner. The next step is to position your business for the demands of the business-for-sale marketplace.
You've invested too much in your anti-aging medical practice to let it be sold for less than its worth. But unless you adequately prepare for the sale, some lucky buyer may walk away with a huge discount.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to anti-aging medical practices that exhibit strong financials and potential for future growth.
Handling Unexpected Outcomes
When you made the decision to sell your anti-aging medical practice, you had a specific set of outcomes in mind. Ultimately, many sellers find that the market is unable to deliver their anticipated outcomes. Despite your best efforts, you need to prepare yourself for the possibility of receiving less than you expected from the sale of your anti-aging medical practice. If buyers don't seem to be willing to meet your expectations, consult with your broker to modify your strategy and market approach.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. Not surprisingly, seller financing is routinely requested by today's buyers. Traditional lenders and investors are gun shy - and that makes sellers a logical funding source for many buyers. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
How to Identify Prospective Buyers
Still looking for prospective buyers for your business? You probably already know several parties with an interest in acquiring your company. We frequently see qualified buyers emerge from the seller's network of business and personal acquaintances. In other cases, sellers take a proactive approach to finding likely buyers and contacting them directly. Competitors may seem like natural prospects and they are. The downside is that they won't pay top dollar and will probably absorb your company into their own.
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