When is the Best Time to Sell Your Business?
There are so many reasons why business owners consider commercial business sales Bonsall. Our team at So-Cal Business Brokers is here to help you determine if your reason for selling is the best or not. We will also help you pick the best time to sell and ensure you sell fast and at maximum profit. In our years in the business, we have found there are four best times to sell a business.
Low interest rates
The first is when there are low interest rates. One thing you need to bear in mind is that not all buyers will be able to purchase your business in cash. Most of them will rely on loans. When the interest rates are low buyers will be more willing to get loans to help with the acquisition of your business. Higher interest rates make it hard for buyers to finance an acquisition.
Still on interest rates, when considering commercial business sales Bonsall it is good to remember that as interest rates rise so does the price of capital. This will lead to a lower valuation. Our job at So-Cal Business Brokers is to evaluate the market for you. We do the hard work so that you sell at a time that gives you the best advantage.
Three years of profit
Buyers are interested in profitable businesses. The issue is they will not just look at the performance of your business in the last year. They dig deeper and consider your progress in the last three years. If your business has been profitable for the last three years then now is a good time to consider commercial business sales Bonsall.
Getting your business ready for sale is the most important part of selling. Our in-house business brokers in San Diego will make sure that every aspect of your business is covered to make it as attractive to potential buyers as it can possibly be. We know what buyers are looking for and we will ensure your business is attractive to them. We recommend you start getting your business ready for sale at least three years in advance.
You no longer enjoy running the business
If you have no interest in running your business it means you will not do everything possible to make it profitable. As a result the value of your business will take a dive. Don’t wait too long to sell. Give us a call and let us get the process moving before the success of your business takes a hit.
You are nearing retirement
You will not be able to run your business forever. If you are nearing retirement you should start coming up with an exit strategy early. Our team will help with this.
Our job at So-Cal Business Brokers is to help you sell your business fast and for the best price. Give us a call now and take advantage of a free consultation with our experienced business brokers in San Diego.