Important Things to Do When Getting Ready to Sell Your Business
When getting ready for commercial business sales Cuyamaca the first thing you will have to do is hire an experienced business broker. The broker must have lots of experience selling businesses like yours. The first thing the broker will recommend you do is to create an exit strategy and get your books in order. Our team at So-Cal Business Brokers understands that doing the aforementioned things is not enough. That is why we go a step further to help with other more important things. Here are the key things you will have to do before you list your business.
Perfect the curbside appeal
In our more than 20 years of selling businesses, we have learnt that first impressions matter a lot. This is mostly because buyers are interested in a business that they will be able to take over without spending a lot of time and money in repairs. With that being said, perfecting the curbside appeal of your business will have a powerful impact on how fast you sell and for how much. When getting ready for commercial business sales Cuyamaca we recommend that you start working on the curbside appeal as early in the process as possible. Make a list of the things that need to be replaced or repaired and make the necessary arrangements before you list your business.
Set a realistic selling price
One of the key reasons most businesses fail to sell or remain on the market for years is poor pricing. The first thing that needs to be done before setting a selling price is performing a business valuation. At So-Cal Business Brokers we will not charge you for business valuation, market review, packaging and a range of other things. We will also use a combination of methods to help set the most realistic valuation. What is more is that once we list your business for sale we will help find and vet prospective buyers and speed up the process while at the same time making it less labor-intensive. We know what buyers will be looking for in a business like yours and will be able to package it in a way that attracts more bids.
Be ready for due diligence
Buyers will not take your word for it in commercial business sales Cuyamaca. They will do their own research to confirm your claims. This is done during the due diligence phase. We have lots of experience in due diligence and will help you prepare for this stage while at the same time ensuring confidentiality is not breached.
Your interests and ours are intertwined once you hire us. This is because we only ask for a success fee which you pay after closing. You don’t pay us for business valuation, packaging, or market review. We get paid when you get paid. Contact us now to take advantage of a free consultation with our experienced business brokers in San Diego.