December 12, 2019  
 
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Selling a Company

 

Selling a Business and Personal Coaching Service

Forget about what you read in the paper -- business and personal coaching services are being sold everyday and the business-for-sale market is poised for even greater growth in the months ahead.

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.

More Exit Planning Articles

Given your interest in exit planning and in business and personal coaching services, you might find these additional resources to be of interest.

Renewing Leases Prior to Selling a Business

Marketing a Business and Personal Coaching Service

How Much Is My Business Worth?


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The learning process for selling a business and personal coaching service is an ongoing journey. Send us your comments and questions, and let's continue the conversation!


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Hoping to Open a Business & Personal Coaching Service?

If starting a business and personal coaching service is on your agenda, these guides will help you get started:

Opening a Business & Personal Coaching Service

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