Profitable Niche Market Exit Plans
Selling an Orthopedic Shoes Repair Business
We hear from a lot of business owners who are timid about listing their orthopedic shoes repair business. Despite the mood of the market, we think there are still opportunities to receive a good price for your orthopedic shoes repair business. Here's what you need to know . . .
Selling a orthopedic shoes repair business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
Despite the conventional wisdom, we believe current economic conditions are right for selling an orthopedic shoes repair business. With the right information and strategy, you could be well on your way to a successful sale
Finding Orthopedic Shoes Repair Business Buyers
It's difficult to predict where the buyer of your orthopedic shoes repair business 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. networking may also prove to be a valuable resource for identifying prospective buyers, but only to the extent that it can be done discreetly.
Preparing Family Members
You're ready to sell your orthopedic shoes repair business, but is your family prepared for the transition? Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. Subsequently, selling an orthopedic shoes repair business often begins with a family conversation and a mutual decision to move on the next stage of life.
Legal Concerns
We run into a lot of orthopedic shoes repair business sellers who intend to wait until the final contract to negotiate details. Big mistake. With few exceptions, sale structure is hammered out early, in the Letter of Intent . By the time the deal reaches the final contract, many of its features are set in stone. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.
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