Why We Recommend You Sell an Established Business
In commercial business sales Fountain Valley, selling an established business is the easiest thing to do. This is unlike selling a startup that has no track record. As a matter of fact, buyers opt for established businesses when thinking about owning their business. This is because by buying an established business, the buyer gets a successful leg up. This is unlike starting a business from scratch; an option that has an extremely high failure rate. Based on a study done in 2016, 52% of small businesses fail within 4 years. This percentage decreases significantly when buying an established business. This is the key reason why we at So-Cal Business Brokers recommend you sell when your business has established itself. That way it will be much easier to sell and get maximum profit.
Our mission since our origin has always been connecting business owners with the best buyers. If you are getting ready to sell your business, we are the team you need. But first let’s take a look at the top reasons why we highly recommend selling an established business in commercial business sales Fountain Valley.
Proven business concept
In our years of experience, we have come to learn that regardless of how sound a business concept is, its chances of working are always very small. We recommend selling an established business because it has a concept that has been proven to work. We will help you evaluate the track record of your business and help you paint it in the best light. What is more is that selling an established business is faster because buyers have a better chance of securing financing. Lenders are more comfortable funding proven concepts.
Established and recognized brand
The grand beauty of selling an established business is that it is well-developed and recognized in the community. It will be easier to convince a buyer to buy an established brand because there is already an established customer base. Thanks to our years of experience and professional networks, we will help you find buyers you wouldn’t find through any other way. Marketing your business starts with the contacts already in our database.
Staff in place
Hiring the right employees is time consuming and very costly. Buyers prefer an established business because it already has the right staff in place. The team will already be trained and familiar with the business operations.
All things considered, established businesses have a higher growth potential than startups. This is the top reason why buyers prefer them over starting their own businesses or buying startups.
Are you ready to sell a business or need advice on the same? Give us a call. We are always happy to hear from you and offer any assistance we can. Schedule a free consultation by clicking on the link below.