Even with a qualified distribution business broker by your side, it is always good to take time to learn about the steps that ought to be taken when selling your business. Our team at So-Cal Business Brokers will be happy to answer any question you may have. Thanks to more than 20 years of experience selling businesses, here are our top recommendations as you get ready to sell.
Ensure selling is the right move
At times the decision to sell is usually a rushed one. Just because the future is uncertain doesn’t mean you sell. To check if you are selling for the right reasons, our distribution business brokers will want to know why you really want to sell. Our job is to ensure the reason is a good one and that you are selling at the right time. We will also make you aware of the obligations that come with selling so that you can be certain selling is the right move.
Determine what to sell
The next step is to make a list of the things you want to sell. You definitely don’t want to sell your distribution business as it is. There are certain things you would want to keep and others that will make selling easier. Establishing a list of exactly what to sell will also help determine the best buyer for your business. Ask yourself these questions:
- Do you wish to sell the business outright including all its assets?
- Which assets do you wish to retain?
- Do you wish to sell your business’ registered name?
- Do you want to sell the intellectual property of your business?
- Will you be selling your business’ real estate?
Value the business
Now that you know what to sell, you need to know how much your business is really worth. This will help set a fair selling price. Our distribution business broker will help with business valuation and pricing. We do this by analyzing your market, calculating the net worth of your business, using your business’ return on investment and looking at what similar businesses sold for.
Finding buyers is easy. The hard part is finding serious buyers. Even when marketing to buyers already in our contacts, our team will always take time to prequalify them. We ensure the buyer that we send to you have the financial means and interest to purchase your distribution business.
Get the contracts ready
Last but not least, you have to get all the documents in order. There are so many contracts involved in the sale of a business. We will help you prepare them and present them in a way that wins the confidence of potential buyers.
Allow us to price, package, and market and sell your distribution business. We are the most reliable team of distribution business brokers. Contact us now to take advantage of our free consultation.