Do You Have a Business Exit Strategy? We Can Help
At one point in time, business owners get to think about commercial business sales Bell. While you like to be in control of your business, it is never too early to start planning for an exit strategy. This is more so because the future is uncertain. You need to be proactive. At So-Cal Business Brokers we will help you put in place a sound plan for your business exit. This plan will help you exit faster when the time comes. You will also be guaranteed of a great return on your investment.
When do you plan on exiting? Do you want to sell your business to a complete stranger or do you want it to remain in the family? These are all questions our business brokers in Los Angeles will ask when planning your strategic exit. More often than not, when it comes to commercial business sales Bell, there are three common options that business owners choose.
Selling to family or friends
This is the option chosen when the business owner wants his business to remain in the family. Selling to family or friends also provides you with the peace of mind knowing that your business will be taken care of after you leave. There is, however, a downside to this option. The likelihood of you selling to family or friends is pretty slim more so if you want a good return on your investment. Family and friends will lack the funds needed to finance the business purchase. When you come to us, we will help you determine if this option is the best by enlightening you on the pros and cons.
Selling to an internal party
This is the second option we recommend. With this option, we can help with due diligence on the internal party you want to sell to. We recommend selling to a key employee because he knows your business better. Selling to an employee also makes it easy for him to seek outside financing. On the flipside, this option is prone to lower than the market value return on investment. It can also be hard for the internal party to get financing.
Selling on the open market
This is the option we highly recommend in commercial business sales Bell. It will give you a valuable return on your investment more so when you work with us. With the open market, you will also get multiple offers which will in turn give you an upper hand in the business sale. The main drawbacks are the sale can be lengthy and the plans of the owner in regards to running your business may differ from yours. All things considered, selling on the open market is the best way to find the best fit buyer. We are here to help.
Do you need help with your exit strategy? Contact us by clicking on the link below. Our consultation is complementary.