Profitable Niche Market Exit Plans
Selling an Orthoscopic Surgery Practice
Don't believe anyone who tells you it's easy to sell an orthoscopic surgery practice. A lot of things need to happen before you can successfully exit your business. But with a few tips, you can keep your shirt and your sanity in the sale of your business.
You won't find any magic formulas for selling an orthoscopic surgery practice, especially while the market is struggling to overcome the perceptions created by a down economy.
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a orthoscopic surgery practice.
Advantages of Hiring a Broker
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. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
Equipment and Inventory Concerns
During due diligence, the buyer will undoubtedly conduct his own appraisal of your orthoscopic surgery practice's real assets. Your appraisal should occur before you put your business on the market. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your orthoscopic surgery practice.
When Is the Right Time to Sell?
When is it the right time to sell your orthoscopic surgery practice? If you're asking the question, now may be the time to put your business on the market. Some experts are telling orthoscopic surgery practice sellers to put their plans on hold until the economy fully rebounds. At Gaebler, we have a much more optimistic view of your chances in the orthoscopic surgery practice-for-sale market. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Share this article
Additional Resources for Entrepreneurs