September 23, 2020  
 
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Selling a Company

 

Selling an Electrolysis Training Business

Your electrolysis school has been good to you. The next step is to position your business for the demands of the business-for-sale marketplace.

Personal and professional concerns surround the sale of an electrolysis school. In our experience, a common owner concern is how the sale will affect customers and employees.
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They require careful planning and an intentional strategy that emphasizes your electrolysis school's strengths and meets the needs of the marketplace. Since your future goals depend on the outcome of your sale, you'll need to have your head in the game from Day One.

Dealing with Buyers

Business sellers sometimes struggle to maintain a positive attitude when dealing with buyers. The questions electrolysis school ask during due diligence are designed to alleviate their concerns about the business and should be promptly addressed by the seller. Avoid answering buyer concerns with vague generalities. Instead, be as specific as possible, even if it means doing additional research before offering a response. If due diligence drags on too long, your broker may need to intervene.

Economic Considerations

When you sell an electrolysis school, there are a number of variables you need to consider. Interest rates, spending, inflation, and other variables directly influence how long your electrolysis school will be on the market as well as its sales price. The truth is that perfect market conditions may never materialize. A much better approach is to focus on the factors that always attract buyers and investors. When it comes to selling an electrolysis school, successful sales sales often boil down to the business itself - not the economy.

How Much Does It Cost to Sell an electrolysis school?

The calculation of your asking price should include a buffer to cover the expense of the sale process. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of an electrolysis school sale. If you need to compensate employees to assist with the sale, their services should also be considered.

More Exit Planning Articles

Given your interest in exit planning and in electrolysis schools, you might find these additional resources to be of interest.

Selling Part of a Business

Marketing an Electrolysis Training Business

Pros and Cons of Using Business Brokers


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