Frequently Asked Questions on Selling a Business
How do I sell my business Commerce? This is obviously the first question business owners ask when considering an exit. Selling a business is not easy and that is why you need to get expert help from experienced business brokers in Los Angeles. The good news is that at So-Cal Business Brokers we have the best team to help with every stage of the sale and ensure you sell fast and at the best price. When you come to us, you will benefit from having every professional you need under one roof.
Over the years, clients have asked us several questions on selling a business. Most of these questions sound the same. If you want to sell my business Commerce, you probably want to ask any of the following questions. We have answered these questions to save you time. Feel free to contact us if you need more information or have a unique question that you need answered.
How much do you sell a business for?
As much as you would want to sell your business at the highest possible price, you can only sell it for what the market is willing to pay. The buyer is the one that determines how much he wants to pay for your business. It is also good to note that the market is the one that determines the value of a business. As a result of this, when performing a business valuation, we don’t just rely on textbook calculations but also consider the prevailing market climate. We look at how much similar businesses sold for and how the financial climate is.
How do you sell a business fast?
Proper pricing is the first thing you need to do to sell your business quickly. For the right price and terms anything can be sold fast. Offering seller financing has also proven to be quite effective when selling a business fast. We rely on multiple strategies to help sell fast and at maximum profit. Contact us today to learn more about our process.
How is a business priced for sale?
Pricing of a business is done depending on how much the business makes. If the business is not making money, price should be based on the value of the assets. If it makes just a little money, seller’s discretionary earnings will be used in pricing. Businesses that make lots of money are priced based on multiple of EBIDTA.
How long does it take to sell a business?
In our experience, it takes an average of 8 months to sell a business. We have also learnt that the bigger the business is the longer it takes to sell.
Do you have any other question, contact us now. We are always happy to hear from you. Take advantage of our free consultation and talk to one of our experienced business brokers in Los Angeles.