February 26, 2020  
 
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Selling an Adolescent Counseling Center

Is the economy still a little shaky for a business sale? Sure it is. Yet adolescent counseling centers haven't been deterred. In fact, we think this economy is a ripe environment for a adolescent counseling center sale.

The business-for-sale market is just as frustrating for buyers as it is for sellers these days. Although there are plenty of entrepreneurs who want to buy an adolescent counseling center, capital restrictions are holding them back.
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Many business owners don't know that adolescent counseling centers are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.

Sale Documents

In an adolescent counseling center sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.

Setting the Stage

A successful adolescent counseling center sale begins with careful planning. Although you are convinced your business has value in the marketplace, the planning process establishes a framework for communicating its value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate an adolescent counseling center to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium adolescent counseling center opportunity.

Dealing with Tire Kickers

Many prospective buyers will have a strong desire to acquire your adolescent counseling center. The bad news is that they will lack the financial capacity to close the deal. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. Good business brokers are adept at separating serious buyers from the rest of the pack. Never provide detailed information about your adolescent counseling center until the prospect has been qualified as a serious buyer.

More Exit Planning Articles

We think you may find these additional resources to be of interest.

Renewing Leases Prior to Selling a Business

Marketing an Adolescent Counseling Center

Selling to Competitors


Conversation Board

Sometimes the best tips on selling a business come from other business owners. If you have any tips or advice on how to sell an adolescent counseling center, we invite you to submit your comments and suggestions.


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