Exit Planning Advice By Market
Selling an Astrologers Business
A good business is about more than dollars and sense. To make your astrologers business what it is today, you've had to fully invest yourself in its success. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.
Like it or not, an astrologers business sale is a complicated affair, made even more difficult by the emotions associated with leaving a business you've poured your life into. In our experience, a common owner concern is how the sale will affect customers and employees.
Eventually, it will the time will come to exit your business. And when that day arrives, you need to know how to sell your astrologers business in a way that achieves positive outcomes for you and the business.
When Is the Right Time to Sell?
When is it the right time to sell your astrologers business? If you're asking the question, now may be the time to put your business on the market. Opinions are mixed and some consultants are advising astrologers business 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 astrologers business-for-sale market. The inventory of what we consider to be quality astrologers businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Buyer Concessions
In a tight economy, seller concessions are the name of the game. But that doesn't mean you can't push for buyer concessions to achieve a more favorable outcome in the sale of your astrologers business. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. You can also choose to exclude certain items like equipment or inventory from the deal if the buyer isn't willing to meet your price expectations. By selling excluded assets on the secondary market, you can compensate for an anemic sale price.
Working with Accountants
Accountants lay the financial groundwork for a business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
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