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The first order of business will be to assist
you in arriving at a marketable sales price. We say assist because you will be the
deciding factor of your sales price, not us. After all it is your business.
We will use a number of techniques that are
utilized by lenders across the country to arrive at a range that your facility should sell
for.
Why do we use Lender techniques? Because the
odds of someone, individual or corporate, paying your price in non borrowed funds is a
rare occurrence. Most purchasers will require the assistance of a commercial bank or
lender to fund their transaction. (Please visit our FINANCING
section for a detailed look at the lending process)
Our ability to assist you in determining a
marketable sales price will be contingent on your bookkeeping practices. In order for us
to analyze your facilities historical cash flow, potential future cash flow and its
ability to service debt (loan payments), you will need to have available the last 3 years
filed business tax returns, an up to date financial statement (Profit & Loss Statement
with Balance Sheet) and certain other readily known information like current enrollment
and owner benefits.
We understand that many owners are reluctant
to share such personal information about themselves and/or their business; unfortunately
however, this information is the cornerstone to our task at hand, arriving at a marketable
and financable sales price for your facility. Think of it this way, you wouldn't go to
your family doctor and ask him to give you a diagnosis without first giving him your
symptoms.
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