How to Sell a Business for the Best Price
When you want to sell my business Canebrake you obviously want to sell for the best possible price. This is the goal of every business owner. Our team at So-Cal Business Brokers has been selling businesses for more than 20 years and we know what needs to be done to sell for maximum profit. If you are getting ready to sell, here are the key things we recommend you do.
Sell at the right time and for the right reasons
In real estate location matters the most. In commercial business sales, on the hand, timing is everything. The best time to sell a business is when it is doing very well. At that time you have a better negotiating advantage than when your business is stagnating or failing. When you want to sell my business Canebrake you also need to consider your reasons for selling. You don’t want to say you are selling because your business is not doing well. A good reason to sell is because you want to pursue a different opportunity or because you need a different lifestyle. Our business broker will ensure you are selling for the best reasons. Give us a call today and take advantage of our free consultation.
Be clear on what is being sold
It is obvious you have to make a list of all your business assets and know what you want to sell. Don’t forget about the intangible assets like trademarks, client lists and goodwill. If yours is an incorporated business you have to decide whether you want a share sale or an asset sale. The good news is our business brokers in San Diego will help you compile a list of what to sell and what not to sell.
Know exactly how much your business is worth
The worst mistake you can ever make when selling a business is that of setting a selling price for the sake of setting one. To determine the best selling price you must first perform a business valuation. At So-Cal Business Brokers we offer complimentary business valuation services. We will also consider the current market, the economic trends what similar businesses sold for. This information enables us to set the best selling price for your business.
Get your house in order
Last but not least you need to keep your business records up to date and the premises well maintained. Most buyers are interested only in thriving businesses. If you can’t demonstrate this you risk losing potential buyers. Reducing your liabilities will also make it easier for you to sell my business Canebrake.
Don’t gamble with the sale of your business. Leverage on our expertise and get the chance to sell fast and for maximum profit. We are always happy to hear from you and offer any assistance you need.