Profitable Niche Market Exit Plans
Selling an Optometry Information and Referral Services Business
Planning and execution can dramatically influence the price you receive for your optometry information and referral services business.
When it comes to selling an optometry information and referral services business, there are no shortcuts to success.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to optometry information and referral services businesses that exhibit strong financials and potential for future growth.
Selling an Optometry Information & Referral Services Business to an Employee
Employee sales have pros and cons. A key employee may seem like a natural sales prospect. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. But in many cases, employees expect to get a deal from their employer based on their years of service to the company. Seller financing is one way to get around the capital deficit of an employee-based optometry information and referral services business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
Average Timeframes
Hoping for a quick optometry information and referral services business sale? You may be disappointed. Unfortunately, there are no hard and fast rules about the length of time your business will be on the market. Pricing plays a role in sale length, but there are no guarantees that a fairly priced business will sell quickly. On average, it takes a minimum of six months to prepare an optometry information and referral services business for sale and many sellers spend a year or more positioning their business to command a higher price. In a good market, an attractive optometry information and referral services business can sell in as little as a few months, although it can take more than a year to find the right buyer after the business is listed.
How to Choose a Business Broker
A good business broker is your best bet for a fast and profitable business sale. In the optometry information and referral services business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling optometry information and referral services businesses.
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