With planning and patience, most business and personal coaching services can be sold for a fair price in the current business-for-sale marketplace.
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In our opinion, that kind of thinking doesn't make sense. In fact, this might be the perfect time to sell a business and personal coaching service. We'll tell you what you need to know to achieve a successful sale outcome
Preparing for What's Next
The decision to sell your business and personal coaching service can't be made without adequate consideration of what will happen after the sale. many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
Should I Hire a Business Broker?
When selling a business and personal coaching service, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your business and personal coaching service much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Finding Business & Personal Coaching Service Buyers
Qualified business and personal coaching service 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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