Mistakes make it Hard to Sell a Business
Hiring a business broker Canebrake will increase your chances of selling your business for maximum profit. The problem, however, is that there are certain mistakes business owners make that make it hard even for an experienced business broker to sell their business. At So-Cal Business Brokers we have more than two decades of experience selling businesses and we know what makes it easy and what makes it hard to sell a business.
Waiting too long to sell
You definitely know that the best time to sell is when your business is doing very well. The mistake business owners make is assuming the business can do even better. As a result they hold off the sale. The problem with taking too long to sell is the value of the business may nosedive mostly due to uncontrollable factors such as new regulations, entry of a better business in the industry and so on.
Our business brokers Canebrake will help you plan ahead and ensure you don’t wait too long to sell. We will evaluate your business to determine if it is ready for selling and then consider the market climate. We have sold many businesses in the past and we know when a business is ready to sell.
Asking too much or too little for your business
Pricing is very important when selling a business. You cannot pull a price from the thin air and expect buyers to accept it. Prior to purchasing a business buyers will perform their own valuation to ensure they are not paying too much for the business. Your selling price has to be backed by solid data. That is what we bring on the table. Our business broker Canebrake will perform a business valuation to determine the exact value of your business and then consider the market climate to set the most accurate selling price. Our team will eliminate the risks that come with the setting of a price that is too low or too high.
Selling to the wrong person
Just because a buyer has the financial means to purchase your business doesn’t mean you go ahead and sell it to him or her. If you are interested in the continuity of your business you need a buyer whose interests align with yours. Our team will prequalify and prescreen every buyer that comes knocking to ensure they are not only able to buy your business but their interests align with yours.
At So-Cal Business Brokers we specialize in the sale of businesses valued between $500,000 and $10 million. Contact us today to learn how we can help with the commercial business sale. We offer a free consultation with our experienced business brokers in San Diego.