November 13, 2019  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Business

 

Selling an Acupuncture Practice

Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet acupuncture practices continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.

Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
(article continues below)

Armed with a deliberate selling strategy, sellers of acupuncture practices are finding qualified buyers, even in today's tough market.

Selecting a Broker

Good business brokers inevitably produce better business sales. During the selection process, look for brokers with a proven track record of successful acupuncture practice sales. Take our word for it -- acupuncture practices are unique businesses and you need a broker who understands how to properly market your acupuncture practice to prospective buyers. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling acupuncture practices.

Selling to a Family Member

The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based acupuncture practice sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Unless you have agreed to treat the family member like any other buyer, the risk of hard feelings among other potential heirs or family members is high. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.

Before You Sell

There is a lot of work that needs to be done before you're ready to sell your acupuncture practice. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. After you have consulted with a business broker to right size your expectations, you'll need to add several items to your checklist, including financial statement preparation, pre-sale appraisals, financial planning, market positioning and other tasks designed to communicate value to prospective buyers.

More Exit Planning Articles

We think you may find these additional resources to be of interest.

Marketing an Acupuncture Practice

Family Business Exit Plans

Renewing Leases Prior to Selling a Business

How Much Is My Business Worth?


Conversation Board

Looking for more information about how to sell an acupuncture practice? Then we want to hear from you! Send us your comments and questions, and we'll do our best to help you.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Hoping to Open an Acupuncture Practice?

If starting an acupuncture practice is on your agenda, these guides will help you get started:

How to Start an Acupuncture Physicians & Surgeons Practice

Do You Market Products or Services to Acupuncture Practices?

If you want information on how to sell to acupuncture practices, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Acupuncture Practices

Mailing Lists for Acupuncture Practices

More Business Transfer Information

If you are looking for exit plan advice for a different kind of business, please browse our directory of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary