Business Exits By Industry
Selling a Cosmetic and Reconstructive Pediatrics Surgeons Practices
Planning and execution can dramatically influence the price you receive for your pediatric cosmetic and reconstructive surgeons practice.
Intimidated by a sluggish economy, business buyers are more cautious than ever.
Many business owners don't know that pediatric cosmetic and reconstructive surgeons practices are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Preparing Family Members
Many sellers embarked on their pediatric cosmetic and reconstructive surgeons practice sale without adequately considering the impact it will have on their families. Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. Unless everyone is prepared for it, the sale could have a devastating effect on your family. To keep the family intact, the sale of a pediatric cosmetic and reconstructive surgeons practice should allow opportunities for all family members to share their feelings and offer input about the sale process.
Business Valuation
Professional appraisers can use three methods to determine the value ofa pediatric cosmetic and reconstructive surgeons practice: The income method, the asset method and the market method. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. To drive up your sale price, position your pediatric cosmetic and reconstructive surgeons practice by improving variables like assets, revenue and profitability during the years leading up to a sale.
Benefits of Third-Party Assistance
Rarely, if ever, do owners sell a pediatric cosmetic and reconstructive surgeons practice without outside assistance. Brokers can be an important resource for your sale, especially if you are unfamiliar with the business-for-sale marketplace. We also suggest hiring an attorney, an appraiser, and an accountant early in the process. In most cases, your sale strategy will call for the assistance of outside professionals at various stages throughout the process. Early recruitment makes it easier to execute your strategy without unnecessary interruptions.
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