Are most buyers timid about buying a domestic violence counseling business in today's economic environment? You bet.
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Despite the conventional wisdom, we believe current economic conditions are right for selling a domestic violence counseling business. With the right information and strategy, you could be well on your way to a successful sale
In a domestic violence counseling business 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 a domestic violence counseling business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Selling a Domestic Violence Counseling Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. A seller-financed deal may be necessary unless the employee has significant assets or investor backing.
Preparing Your Domestic Violence Counseling Business for Sale
The outcome of a business sale is largely determined prior to a market listing. Attractive domestic violence counseling business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Even though it may take years to adequately position your domestic violence counseling business, the amount of preparation you perform will have direct correlation on asking and sale prices. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.
Given your interest in exit planning and in domestic violence counseling businesses, you might find these additional resources to be of interest.
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