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jkarolyi jkarolyi is offline
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Join Date: Feb 2004
Location: Socialist Republic of California
Posts: 2,129
Need ideas/help for selling a business quickly

My mother-in-law has owned a successful physical therapy business in the Claremont, CA area (near Los Angeles) for over 20 years. The business has been very profitable for all years, except this past year it barely broke even due to her time being diverted to another family business (her husband's). She has 30 regular clients, but more referrals need to be recruited to make the business pay as well as it used to. The rent on her office is very reasonable...around $1000 per month. She is ready to retire from physical therapy (she is in her 60s) and devote more time to the other business.

She plans to just close the business and eBay the equipment if she cannot find a buyer for the business by the end of the month. I think that's hasty, and she could find a buyer if she marketed it. Physical Therapy is a growing industry and I imagine a younger PT would love a ready-made practice. She is willing to take a fire-sale price of $20,000 including all equipment which is worth that itself.

Business brokers say it would take 6 months or more to sell it, and she isn't willing to wait that long. Any ideas of how to sell it more quickly? We advertised it on Craigslist, but would like to hear about any other online business classified sites. Ebay has very few businesses for sale.

Last edited by jkarolyi; 04-13-2008 at 06:29 PM..
Old 04-13-2008, 06:24 PM
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