Common Questions a Business Broker for Distributors San Diego Can Answer

After developing your distribution business from the ground up to where it is now, it can be hard for you to let it go. The business is basically your baby. But the truth is you cannot continue running your business forever. There will come a time when you will have to either close it or sell it. If you plan on selling, leaving the sale to a business broker for distributors San Diego is the best decision you can make. The broker will manage your expectations, guarantee you get the best outcomes and answer any questions you may have. Here are common questions about selling a distribution business that a broker can help answer.

How much should I sell the business for?

This is one of the toughest questions to answer. With all the work you have put into the business, you may feel like it is priceless. Setting a selling price on your own can thus be very hard. It is the job of your business broker for distributors San Diego to help answer the question on the selling price. The broker will start by performing a business valuation. This helps determine the fair market value of the business. Second, the broker will determine several factors such as the economic climate and goodwill to determine the most appropriate selling price. Once the selling price is set, the business broker will help you sell your distribution company for its full worth.

When should I sell my business?

There are many reasons why you might want to sell your distribution business. Whatever the reason is, you must make sure the timing is right. Your business broker will evaluate your reasons for selling to determine if they will win the trust of buyers or repel them. In most cases, the best time to sell is when your business is at its peak. This is when you stand to command the best price and get more bids. Whether you plan on selling your business locally, nationally or internationally will help the broker determine if it is time to sell or not.

Can the business survive without you?

Still on deciding whether to sell or not, an important question you need to ask is if the business will be able to survive without you. If the success of your business is tied to you, selling now will not be the wisest decision. You need to start working on your team, processes and systems to ensure the distribution business can thrive in your absence. It is not until your business can thrive without you that you can sell.

Our team at So-Cal Business Brokers is always happy to answer any question you may have and give you all the help you need. Get in touch with us for a consultation.

Business Broker for Distributors San Diego

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 much should I sell the business for?

When should I sell my business?

Can the business survive without you?

The Sales Process