Sell a Business for the Best Price
Selling a Pet Rehabilitation Services Business
Many business leaders say that now isn't the time to try to sell a pet rehabilitation services business. Don't be deterred by economic uncertainty. There are plenty of reasons why this is the right time to put your pet rehabilitation services business on the market.
Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a pet rehabilitation services business sale works.
Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your pet rehabilitation services business.
Working with Appraisers
An experienced appraiser is part and parcel of a successful pet rehabilitation services business sale. Armed with a professional appraisal, both you and your broker can enter the negotiation stage with confidence. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.
Average Preparation Time
There are no effective shortcuts for selling a pet rehabilitation services business. Buyers want to see growth trends, healthy profits and other variables that increase the likelihood of long-term success. Next, the business will need to be documented in professional financial statements and manuals that facilitate the ownership transition. At a minimum, plan on spending six months preparing your pet rehabilitation services business for the marketplace. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.
The shortage in today's marketplace isn't interested buyers -- it's capital. Thanks to more stringent commercial lending requirements, sellers have become de facto lenders, providing the financing buyers need to get their feet in the door. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
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