Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
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However, serious buyers also understand the value of a good animal rights and welfare organization. So for animal rights and welfare organization sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
When Is the Right Time to Sell?
Most business owners know when it's time to exit their company. There are a lot of naysayers out there advising animal rights and welfare organization sellers to put their plans on hold until the economy fully rebounds. At Gaebler, we have a much more optimistic view of your chances in the animal rights and welfare organization-for-sale market. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Professional appraisers can use three methods to determine the value ofan animal rights and welfare organization: The income method, the asset method and the market method. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. To drive up your sale price, position your animal rights and welfare organization by improving variables like assets, revenue and profitability during the years leading up to a sale.
Hiring an Attorney
It's obvious that you're going to need to hire an attorney to finalize the sale of your animal rights and welfare organization. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. In some cases, an attorney may also provide assistance in securing long-term leases or vendor contracts to make your animal rights and welfare organization more attractive to buyers. If you don't know an attorney with experience in the business-for-sale market, ask your broker for a referral.
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