3 Good Reasons to Sell a Small Business
Commercial business sales Bostonia must never be taken lightly. You have to be absolutely sure that you are ready to sell your business before listing it. Our job at So-Cal Business Brokers is not just to help you sell fast, to the right buyer and for the best price but also to make sure you are selling for the right reason. There are five good reasons business sellers use when selling. If you feel your reason is good but it is not listed here feel free to contact us for advice. We offer a free, no-obligation consultation in San Diego.
You cannot run a business forever. Eventually you will grow weary and need to retire. The best reason for selling is when you want to retire. You may want to enter a new phase of life where you spend more time with your partners, adult children and grandchildren. You don’t have to be over the age of 60 to consider retirement. It is okay to retire in your forties. Proceeds from commercial business sales Bostonia can then be used to fund the rest of your life or venture into something new.
Business owners want to eventually sell their business for profit. This is a common exit strategy that most of our clients have. It is not uncommon for a client to hire us to help draft their exit strategy years before selling. When selling was always the exit strategy then you need to sell when your business is doing really well. Give us a call and let our team let you know if now is the right time for you to put your business on the market. To do this we perform a business valuation which enables us to understand the true worth of your business. We also consider the current market and industry climate. If it will be more profitable to sell much later we will advise you to hold back the sale.
Pay off debts
Commercial business sales Bostonia are often considered to help raise funds needed to pay personal debt. This is a good idea if your cash flow is tied up in your business. Getting rid of all your debts will significantly improve your personal financial situation. It will relieve personal stress and help you start over with a clean slate. Our team will help determine if selling is the only avenue you have and if yes we will ensure you sell at a good profit.
Other good reasons include to take some time off and to expand professionally. Our team is eager to hear from you and we are always happy to help with the sale right from planning the exit to closing. Give us a call now and talk to one of our experienced business brokers in San Diego.