How to Sell a Business: Business brokers list businesses for sale, and then they work to find buyers for the businesses. They aim to bring all parties to a point of understanding and agreement. From there they help with the details to get the deal to the closing table…
Once the sale of a business is complete, the closing documents have been signed, and you leave the closing agent’s office, the Familiarization period begins. This is the time when buyer and seller work closely together to ensure a smooth handover from one owner to the next. What this handover looks like will vary from …
If you are thinking that it might be the right time to consider your exit strategy from your business, then it’s a good idea to get in contact with a Business Broker to find out how they can help. Here we outline the main ways that a Business Broker can be of service to a …
Your Exit Strategy: How A Business Broker Can Help Read More »
As Business Brokers, one of the biggest factors that we look at when we are considering taking on a new listing is the salability of a business. Given all of the information we have at the time, coupled with our experience, do we think that this particular business is likely to sell? We’ve been surprised …
1) Why are you selling? This question might seem obvious, but be prepared to answer it nonetheless. If you are retiring or relocating, those are easy and clean-cut answers. However, if the answer is something more complicated, like you and your business partner are no longer getting along, or you are burnt out and have …
5 Buyer Questions That Sellers Should Prepare For Read More »
There is a lot of work that goes into pricing a business, and our Brokers spend a great deal of time and attention on the financial recast and researching comparative sold businesses, so that we can recommend that our Sellers list their businesses at the most realistic selling price. We don’t want to just list …
The Importance Of Getting The Asking Price Right Read More »
Is your geographical area or industry growing or experiencing a boom? That’s a great sign that it’s time to sell. Many people wait until they are exhausted and ready to retire or their business is on the decline to sell. Ideally, that’s the exact opposite of what you should do. You want to sell when …
From time to time, we are contacted by business owners who say, “Sales are suffering, can I still sell my business?” This is a tricky question, because businesses are normally valued based on past and current performance, and if the business is showing a loss or just breaking even, then it realistically won’t be worth …
Small-business owners frequently finance part of their retirement by selling their companies; however, retirement planning is especially complicated for business owners. Not only do you have to fund your own retirement plan, but you must also decide what to do with your business before you retire. Most retiring business owners decide to sell their business. And …
5 Tips For Preparing To Sell Your Business In Order To Retire Read More »
