Smart Exit Planning Strategies for Niche Markets
Selling a Graduate and Professional School
The decision to sell your graduate and professional school isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.
In a down economy, many graduate and professional school sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of graduate and professional schools that are actually for sale.
However, serious buyers also understand the value of a good graduate and professional school. So for graduate and professional school sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
The Emotions of a Business Sale
Business sellers sometimes struggle to handle the emotions of a sale. Although you might think you're ready to exit your business, selling and separating from a graduate and professional school scan stir up a range of emotions. We advise sellers to discuss their feelings with family members and close friends before, during and after the sale. At the same time, it's helpful to consult with people who can help limit the influence of your emotions on negotiations and other aspects of the sale process.
Selecting a Broker
Good business brokers inevitably produce better business sales. In the graduate and professional school industry, experience is a must-have characteristic for qualified brokerage. As a practical matter, you'll also want to focus your search on brokers who have pre-existing relationships with attorneys, appraisers, and other professionals who can provide assistance at various stages of the process.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your graduate and professional school's real assets. Your appraisal should occur before you put your business on the market. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your graduate and professional school.
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