Niche Market Exit Planning Tips
Selling a Blindness Residential Care Business
Maybe you're counting on your blindness residential care business to be a stepping stone to your next big business venture. Maybe it's your retirement fund. Either way, you need to maximize the price it gets in the business-for-sale marketplace.
It's a fact: Successful business sales take time.
Many business owners don't know that blindness residential care businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Professional appraisers can use three methods to determine the value ofa blindness residential care business: The income method, the asset method and the market method. Appraisals based on the asset method gauge value as a factor of the company's real property and non-tangible assets; appraisals based on the income method consider the business's anticipated revenue. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. All three methods have multiple variations and it's not uncommon for appraisers to use a combination of the three to determine the value of your business. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
What to Expect in a Blindness Residential Care Business Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your blindness residential care business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. You can prepare yourself by talking through your emotions with friends and family members, and thoroughly evaluating your minimum requirements before you put your blindness residential care business on the market.
Broker vs. No Broker
When selling a blindness residential care business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your blindness residential care business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
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