If you listen to many entrepreneurs, there never seems to be a good time to put a small business on the market.
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There are many factors involved with the decision to sell a business. So if you're waiting for the perfect market conditions to sell your addiction and psychiatry medical practice, you could be waiting a while. If your business is ready to be sold, the time to sell is now. To improve sale outcomes, you will simply need to tailor your addiction and psychiatry medical practice to today's buyers.
When Is the Right Time to Sell?
When is it the right time to sell your addiction and psychiatry medical practice? If you're asking the question, now may be the time to put your business on the market. There are a lot of naysayers out there advising addiction and psychiatry medical practice sellers to put their plans on hold until the economy fully rebounds. At Gaebler, we have a much more optimistic view of your chances in the addiction and psychiatry medical practice-for-sale market. The inventory of what we consider to be quality addiction and psychiatry medical practices is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
As your addiction and psychiatry medical practicesale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
Capital is hard to come by these days. Thanks to more stringent commercial lending requirements, sellers have become de facto lenders, providing the financing buyers need to get their feet in the door. As you prepare for the sale of your addiction and psychiatry medical practice, expect to be asked to finance a substantial part of the sale price.
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