Commercial Business Sales Tecate – How to Prepare for Sale

Are you a business owner getting ready for commercial business sales Tecate? If you are, this post is for you. The objective of this post is to show you how to prepare for a business sale in order to get maximum profit for it.

How to prepare

The question most business owners ask is this; how do I prepare to sell my business? The answer is to address the financial performance of your company so as to enhance the fair market value. You also prepare your business for commercial business sales Tecate by addressing all potential buyer concerns as well as deal breakers.

Developing an exit plan is highly recommended too. You should develop this strategic plan at the start of your business or a few years before selling your business. The exit plan helps you know when you have achieved your goals and when it is time to sell. A business broker in San Diego can help develop a foolproof exit strategy.

How to prepare your business for sale

There are a couple of things you will have to do when getting ready to sell your business. The most important things include the following:

Get a business valuation. This has to be done by an expert. An experienced business broker can help.
Consult your tax partner or wealth manager to understand tax implications. This will help you know how much you will end up pocketing after closing. You will also get advice on how to avoid falling in a higher tax bracket.
Get your business’ financials and processes in order. Buyers focus on financial statements to determine if your business is worth buying. Clean and organized financial documents and business process will add value to your business and smooth the transition.
Look at your business from a buyer’s viewpoint. How can you make it more attractive?
Identify opportunities to build value in your business. A business valuation will help you identify new opportunities.
Review contracts and ensure they are transferrable.
Hire a team to take over your roles. Your business should be able to thrive without you
Build an advisory team. Start by hiring a transactional attorney and a reputable business broker in San Diego

Selling a business is quite emotional. Many business owners think they are ready to let go of their business but once they get to the closing table, emotions overwhelm them and they withdraw. This is something you don’t want to do as it hurts your ability to find a good buyer in the future. Always make sure you have the right reasons for selling before considering commercial business sales Tecate. Your business broker can help evaluate your reasons for selling and let you know if selling now is a great idea.

Commercial Business Sales Tecate

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."

How to prepare

How to prepare your business for sale

The Sales Process