Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
(article continues below)
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a adult care service.
Broker vs. No Broker
When selling an adult care service, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Although brokerage fees can be substantial, the right broker can reduce the amount of time your adult care service sits on the market. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
It's not unusual for adult care service sellers to feel overwhelmed when they negotiate the sale of their business. Negotiation is a chess game, best played with the resources and backend support of a negotiation team. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.
Laying the Groundwork
Effective adult care service preparation focuses on communicating value to prospective buyers. A first-rate business broker can give your business an edge by facilitating the preparation process and orienting your presentation toward today's buyers. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium adult care service opportunity.
We think you may find these additional resources to be of interest.
If you plan on opening an adult care service, these helpul resources may be just what you've been looking for:
If you consider adult care services to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:
If you are eager to get business succession tips for a different industry, please browse our directory of exit planning guides below.