Simple, Have a strategy for the future.
And, Have knowledge.
Market Conditions
Who's Buying
The tide is changing.
Not that It's all doom and gloom
But, Smaller group buyers are
Pulling Back
Offering Lower Multiples
Larger IDSOs are de novo focused.
Banks are throttling the individual buyer
via approval or low bank valuations.
You should
Hire a Qualified Advisor
Look at Multiple Opportunities
And, Know your options.
Don't wait until it's too late to plan for a sale. It takes time. Make sure you hire an Advisor with a realistic timeline to achieve your goal.
In today's seller's market" you must be educated on current market conditions, (supply and demand) and what buyers are prospecting.
Can a Broker sell your practice without everyone knowing it's for sale? Only if the Broker already has a pool of qualified buyers under NDAs
Hire an Advisor that has knowledge and experience with all types of buyers. Individual, Partnership, Corporate Affiliation, Private Equity.
Let us coordinate an advisory team to insure communication with all parties including an accountant and attorney representatives.
Your Broker must have comprehensive knowledge of the entire process and be available to meet with you to discuss. Hire an experienced Advisor.
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