When is the Best Time to Sell Your Business?
If you have been doing your research on commercial business sales Culver City then you know that timing is everything. Selling your business too early or too late can keep you from selling at maximum profit. It is for this reason that we at So-Cal Business Brokers take the time to do the research on your behalf to ensure you exit at the perfect time. In determining the best time for you to sell, there are various factors that we consider.
Revenue and net income trends
In commercial business sales Culver City buyers are interested in businesses that have sales and net income that is increasing and somewhat predictable. Buyers are more likely to pay more for businesses that have a positive trend than those that don’t. To make this determination buyers look at your financial patterns.
One of our duties at So-Cal Business Brokers when you contact us is to get your books in order. If your business is on a downward trend we will check if we can turn it around before listing it. The best time to sell, in our opinion, is when your business is stable.
Do you still enjoy running the business?
When doing something they don’t enjoy most people don’t do a good job. If you continue running a business you don’t enjoy running you might end up driving it down. If you don’t enjoy running the business you can hire a new management team or simply bite the bullet and consider selling it. Our team will consider your options and give you the best recommendations.
How much money do you want to get from the sale?
How much you want to get from the sale will also determine how fast you end up selling. Our business brokers will perform a business valuation which helps us understand the fair market value of your business. If the amount you stand to gain is not enough, we can advise you to hold back the sale so that you work on improving your business before selling. Our in-house team can help you increase value by diversifying your income, resources and making use of viable opportunities among other things.
At So-Cal Business Brokers we have sold many businesses before. We know what buyers are looking for and how to speed up commercial business sales Culver City. Fill the form on the right to schedule a free, no-obligation consultation with one of our experienced business brokers in Los Angeles today. We are always happy to hear from you.