The process of selling a business can be an anxious time in an owner’s life. It will involve steps like preparing an exit strategy, hiring a business broker, meeting with potential buyers, negotiating a deal, and often an extensive amount of due diligence. However, one of the most stress inducing parts of this process for […]
How To Tell Employees You Are Selling The Business? Read More »
For a business owner the decision to sell your company can be a drawn out process. It is hard to know the best time to exit and even after you have decided you are almost guaranteed to second guess yourself a time or two. However, one thing that is virtually certain in this transaction is
What Documents Are Required To Sell A Business? Read More »
One of the first questions I get from business owners when they sit down with me is, “How long does it take to sell a business”? The short answer is between 6 to 9 months. The actual time it will take from when you sign a listing agreement to when your deal closes depends on
How Long Does It Take To Sell A Business? Read More »
There is no way of knowing exactly who is going to express interest in buying your business once you decide to sell. However, the type of potential buyer you begin negotiating with will directly affect certain aspects of your deal. Generally speaking there are 3 main types of potential buyers for your business. There are
3 Types Of Potential Buyers For Your Business Read More »
There are usually two reasons people sell their business, lifestyle or financial. Common Lifestyle Reasons: Retirement Health Relocation Industry Burnout The reason these are called “lifestyle” and not financial, because the sale of the business is motivated by lifestyle circumstances and the return on the sale will most likely be less than the owner was
When Should You Sell Your Business? Read More »