Business Broker Lincoln Acres – Steps You Need to Take When Selling Your Business

Getting ready for a business sale is not easy. There is always the worry of making a mistake or selling for the wrong price. That is why involving a business broker Lincoln Acres is one of the first things you should do. Understanding the right steps to take will also help smooth the process. Here are the important things you must do when getting ready to sell.

Be certain you are selling for the right reason

A potential buyer will often want to know why you are selling. Providing valid reasons helps win the confidence of buyers. One of the most common motives for selling a business is usually personal reasons. This could be health issues, family obligations, retirement or unexpected emergencies. If you’re thinking of selling your business because of financial problems, consider getting professional advice from a business broker Lincoln Acres.

Know what to sell

When selling your business, you need to know what exactly you want to sell and what you want to keep. That way if you get a buyer who wants to keep the location of your business, acquire your assets or staff, you will be able to know if that is the kind of buyer you want. If the premise is being sold as part of the business assets, the purchase price will definitely be more. Most buyers want to keep your premises because that enables them not to lose the client your business already have.

Get a business valuation

Improper business valuation is one of the most common mistakes business owners make. Valuing your business is mostly about working out how much your business is worth. This information enables you to set a realistic selling price. When determining the value of your business, you have to consider both its tangible and intangible assets. Having a third-party valuation conducted by an experienced valuation specialist will provide you with a verifiable value of your business.

Find a buyer

Working with a qualified and experienced business broker Lincoln Acres is the key to finding the best potential buyers for your business. The broker has a large database of buyers who might be interested in buying your business. With that in mind, in addition to posting your ad on listing sites, the broker will reach out to his contacts. This makes it easier for you to find the best buyer and faster.

Still, on finding buyers, you need to get all potential buyers prescreened. Not every buyer that contacts you has the interest or means to buy your business. To avoid wasting time, you need to make sure you are dealing with serious buyers.

Although it might seem easy to sell your business, you must never be tempted to sell on your own. Working with a team of specialists will help close fast and for the best price. You just need to find a business broker who has a good track record of selling businesses similar to yours.

Business Broker Lincoln Acres

What Client’s Say

We Couldn’t Be Happier

"When we thought about selling we had no idea what our business was worth or how to go about selling. What you were able to do was to cut through the fog so that we understood the valuation issue and had a comfort level with the process. As you know we ended up selling for somewhat more than the original valuation and we got all cash and our CPA loved the way our tax liability was minimized. We couldn’t be happier!"

Over $250,000 More

"Our first contact with you shocked us when you suggested that we wait 18 months before selling because you believed that if we hit our projections that the value would be significantly greater. As it turned out we not only followed your advice but also got slightly over $250,000 more than we originally had hoped for. It is seldom that we have had the opportunity to deal with a firm that doesn’t want both money and a commitment NOW. It was clear and obvious that you had our best interests at heart."

You Got the Valuation We Agreed On

"You did a great job on the sale of our business in really beating the bushes for buyers, including a UK company that was an active suitor. You managed to get the valuation that we had all agreed upon and got it substantially all in cash and got the transaction closed with little to no problems or expensive lawyers involved."

Thank You for Handling Our Business

"Our business was smaller than what your firm normally handles but it was a BIG part of our net worth and savings. Thank you for handling our business and we were very pleased and delighted with the results."

More Than Anticipated

"Our transaction was involved as we had different corporate entities located in different states. Our only regret is that we didn’t retain your services before 2012 when we paid $25,000 to a firm in Texas that did a valuation and market analysis for us before then failing to do anything in the way of trying to sell our business. You got it sold for more than anticipated."

Be certain you are selling for the right reason

Know what to sell

Get a business valuation

Find a buyer

The Sales Process