Uploaded on Aug 29, 2020
You can only sell your business once. You do not get a second chance and you cannot go back and do it again. Most buyers want to pay the right price; this does not mean they want to pay as little as possible, just fair market value.
Do You Have Rose Tinted Glasses On
Do You Have Rose Tinted Glasses
On?
https://www.giggletree.com.au/
Today's post is from a Guest Blogger, her name is Linda
Harley and she runs Queensland Child Care Sales. If you are
looking at selling your centre she has some tips to think
about before you put it on the market.
You can only sell your business once. You do not get a
second chance and you cannot go back and do it again.
Most buyers want to pay the right price; this does not mean
they want to pay as little as possible, just fair market value.
It takes a lot of hard work to build a business to a point
where it is successful and if you have done this and now are
thinking of selling it, there is no doubt you have a dollar
figure in mind you feel it is well worth. Unfortunately all of
your hard work doesn't really matter if your business is not
making enough money to warrant what you're asking for or
is poorly presented to a buyer to get them excited.
What you need a is an accurate reflection of what the
market value of your business is going to be in order to
determine a price that is going to be realistic. This is where
utilizing the services of an experienced business broker can
make a big difference in how this transaction turns out. If
the price is not what you expected it may not be the right
time for you to sell. Or you may find that with a few changes
to your business you will be able to get the sale price into
the range that you are looking for. Sometimes all it takes is
a few changes and this is what your broker is trained to help
you with in consultation with your advisors such as Childcare
Management consultants , accountant or solicitors.
First impressions count. When it is time to sell it becomes
even more important. Consider things such as excess
resources in the storage room (commonly called "Junk")
,staff members not wearing full uniforms, worn paint work,
out of date paper work , redundant stock and discretionary
cost increases. All of these things will be impacting on the
first impression and need to be addressed well before you
decide to sell. Ask yourself "do I have my rose tinted glasses
on?" When you look at your business through Buyers Eyes
you will be amazed at what you see and what you can learn
about your business.
Check out what an experienced business broker can do for
you well before you put your business on the market. Being
well informed you can make better decisions, optimize the
presentation and ultimately will see far better results at the
end of the transaction.
Linda Harley
Childcare Sales Specialist
www.queenslandchildcaresales.com.au
Contact
us
Email - [email protected]
Call us - 07 3204 1102
http://giggletree.com.au/
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