Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
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However, serious buyers also understand the value of a good school for the physically challenged. So for school for the physically challenged sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
Hoping for a quick school for the physically challenged sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your school for the physically challenged, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Tips for Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized school for the physically challenged buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. As you prepare for the sale of your school for the physically challenged, expect to be asked to finance a substantial part of the sale price.
It's obvious that you're going to need to hire an attorney to finalize the sale of your school for the physically challenged. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. In some cases, an attorney may also provide assistance in securing long-term leases or vendor contracts to make your school for the physically challenged more attractive to buyers. If you don't know an attorney with experience in the business-for-sale market, ask your broker for a referral.
Given your interest in exit planning and in schools for the physically challenged, you might find these additional resources to be of interest.
If starting a school for the physically challenged is on your agenda, these guides will help you get started:
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If you are looking for exit plan advice for a different kind of business, try our alphabetical directory of exit planning guides below.