Business Exit Planning
Selling a Modeling School
You've learned a lot during your tenure as a modeling school owner. Before you walk away, you have one more challenge to overcome: A successful and profitable business sale.
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
Despite the conventional wisdom, we believe current economic conditions are right for selling a modeling school. We'll tell you what you need to know to achieve a successful sale outcome
Selecting a Broker
Good business brokers inevitably produce better business sales. During the selection process, look for brokers with a proven track record of successful modeling school sales. Take our word for it -- modeling schools are unique businesses and you need a broker who understands how to properly market your modeling school to prospective buyers. 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.
Finding Modeling School Buyers
It's difficult to predict where the buyer of your modeling 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.
Timing Your modeling school Sale
When is it the right time to sell your modeling school? If you're asking the question, now may be the time to put your business on the market. Some experts are telling modeling school sellers to put their plans on hold until the economy fully rebounds. But despite the negativity that exists in some sectors, if you have a desire to sell your modeling school now, there is a high probability that you can sell it in the current market. The inventory of what we consider to be quality modeling schools is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
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