Intimidated by a sluggish economy, business buyers are more cautious than ever.
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If you're ready to move on, now is the right time to sell your astrology school.
In an astrology school sale, pricing is based on a number of factors, including the costs incurred during the sale. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Professional consultations can also represent a significant expense during the course of an astrology school sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Finding Astrology School Buyers
It's difficult to predict where the buyer of your astrology school will come from. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
Sale Preparation Timeframes
Preparing an astrology school sale takes time. Since buyers prefer to see evidence of future cash flow, you'll want to to strategically lock in cash flows and increase profits before you list the business. Additionally, prospective buyers usually request documentation that allows them to understand the business's daily workflows and operational strategy. Since all of this takes time and effort, a astrology school can rarely be ready for the marketplace in less than six months. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.
Given your interest in exit planning and in astrology schools, you might find these additional resources to be of interest.
If you plan on opening an astrology school, these helpul resources may be just what you've been looking for:
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