While hiring a distribution business broker will help eliminate the guesswork and answer most of the questions we will discuss in this post, it is always good to familiarize yourself with this questions early. Our team at So-Cal Business Brokers will be happy to help answer any question you may have and give you the support you need to sell fast and for the right price. Here are the important questions you should start by answering.
Are you ready to let go?
When it is a business you have built from the ground up, it can be very hard to let go. Selling a business, you have been running for years, involves a very emotional process. It is up to you to make sure you are ready to move forward long before you get the business listed. Our distribution business brokers will evaluate your reasons for selling and manage your expectations as you determine whether selling now is the best move or not. Give us a call for more information.
How much is it worth?
You must know how much your business is really worth before listing it. At So-Cal Business Brokers we are happy to offer complimentary business valuation services as well as help with pricing. Contact us now to talk to one of our experienced business brokers.
How healthy is the industry you serve?
Timing is everything when it comes to the sale of a business. That is why the first thing we recommend you do before deciding to sell your business is evaluate your current industry. If the industry you are in is doing bad, selling will be hard. If the industry is in a transition period, waiting until things sober up is the best move. Our distribution business broker is here to help if you are not sure about the best time to sell.
Who is the ideal buyer?
After the business is listed, you will get all manner of buyers. It is good to determine early the kind of buyer you want. If you want your employees protected and your business culture upheld, then you have to find the buyer that is willing to meet those terms.
Are you willing to finance the deal?
Offering any form of incentive when selling a business will guarantee that you find the best buyer fast and close even faster. Offering seller financing is the best incentive you can offer.
There are many more questions you will have to answer during the sale. Our distribution business brokers will be happy to offer the assistance you need. Contact us now for a free consultation.