Is My Business Sellable
By the time you say I want to sell my business El Cajon, the first question you probably have asked is this; is my business sellable? This is a question asked by almost every business owner that is selling a business because of poor performance. In our years of experience as So-Cal Business Brokers, we have come to learn that with the right pricing, team and timing, any business can be sold. But what can make a business unsellable?
One reason we have found to keep businesses from selling is overdependence either on the owner or on a single major client. Such businesses are very high risk to buyers because if the owner or the major client leaves the business will die. Our business brokers in San Diego handle the overdependence issue by giving your business the independence it deserves. This is achieved by doing a number of things.
The starting point is to delegate operations. We make sure your business can still operate in your absence. We will also build out a process which makes it easy for even a new team to run the business. To correct the issue of overdependence on a single client, we establish reoccurring revenue and diversify your client base. With our support, by the time you say I want to sell my business El Cajon, your business will already be irresistible even to you.
Failing to plan for the sale
Selling a business is not the same as selling a house. Eventually, all houses sell but with businesses, the odds are against you. As a matter of fact, only 20 to 25 percent of small businesses sell. The reason for this is poor planning. There are more than 66 obstacles to successful business sales. This is why a lot of forward planning is needed to identify these obstacles and minimize or overcome them.
Our team at So-Cal Business Brokers has sold many businesses before. We are familiar with these obstacles and know how to achieve success. We encourage you to contact us as soon as you decide to sell. Getting a business ready to sell can take years. The sooner you contact us the better prepared for the sale you will be. If you are not being pressured to sell, we will increase the value of your business and help pick the best time to sell in order to maximize profit.
When do you want to sell? Give us a call today and let us help you understand your immediate obstacles. We will see to it that your business is more attractive to buyers and that you sell at maximum profit. Give us a call today to learn more about our services. We are always happy to talk with you.