How to Sell Your Business Fast and Profitably

Hiring a business broker San Diego is the first thing that most business owners do when they are ready to sell their business. This is one of the wisest decisions you can make. The reason for this is because the business broker is involved daily in the sale of businesses and will use his professional connections to help you find the right buyer and sell fast. All in all, if you want to sell the business fast, there are a couple of things you will have to do on your part.

Hire a business broker
The first and the most obvious thing are to find reliable business brokers San Diego. The business broker will take over the sale part so that you can focus on other important things. What is more is that the right broker will help you navigate challenges that come with the sale of a business. It is also easier to maintain confidentiality when working with an independent business broker as opposed to selling the business on your own. Moreover, a broker will help with negotiations and all the paperwork.

Get a business valuation report
The second thing you will need to do is to get a comprehensive business valuation report. The purpose of the valuation report is to help you know how much your business is really worth. You can even use this report to work on the weak points of your business. A business broker San Diego can help with business valuation. Alternatively, you can work with an independent business appraiser. Make sure you know how much your business is worth before hiring an appraiser. This will help you know when the figures being given to you are inaccurate. With the valuation report in hand, set a fair asking price.

Keep transacting
Just because you are selling your business does not mean you stop running it completely. You need to keep transacting. If you stop doing business, the value of your company will go down and so will the price given to you by potential buyers.

Maintain confidentiality
Keeping the sale confidential is very important. The fewer the number of people learn of the sale the better. This is because if word gets out, you may lose your employees, suppliers, distributors and even customers who are worried about the uncertain future. Make sure that you keep the sale confidential. A business broker will help draft a foolproof confidentiality agreement that potential buyers have to sign before getting more information about your business.

Provide financing
One of the reasons why most business remains on the market for long is due to the lack of financing. Offering financing will help speed up the process.

Have a successor in place
Last but not least, to be able to sell your business fast, you will have to appoint and train a successor. Buyers are more interested in businesses that can continue running efficiently even with your absence.

Business broker San Diego

What Client’s Say

We Couldn’t Be Happier

"When we thought about selling we had no idea what our business was worth or how to go about selling. What you were able to do was to cut through the fog so that we understood the valuation issue and had a comfort level with the process. As you know we ended up selling for somewhat more than the original valuation and we got all cash and our CPA loved the way our tax liability was minimized. We couldn’t be happier!"

Over $250,000 More

"Our first contact with you shocked us when you suggested that we wait 18 months before selling because you believed that if we hit our projections that the value would be significantly greater. As it turned out we not only followed your advice but also got slightly over $250,000 more than we originally had hoped for. It is seldom that we have had the opportunity to deal with a firm that doesn’t want both money and a commitment NOW. It was clear and obvious that you had our best interests at heart."

You Got the Valuation We Agreed On

"You did a great job on the sale of our business in really beating the bushes for buyers, including a UK company that was an active suitor. You managed to get the valuation that we had all agreed upon and got it substantially all in cash and got the transaction closed with little to no problems or expensive lawyers involved."

Thank You for Handling Our Business

"Our business was smaller than what your firm normally handles but it was a BIG part of our net worth and savings. Thank you for handling our business and we were very pleased and delighted with the results."

More Than Anticipated

"Our transaction was involved as we had different corporate entities located in different states. Our only regret is that we didn’t retain your services before 2012 when we paid $25,000 to a firm in Texas that did a valuation and market analysis for us before then failing to do anything in the way of trying to sell our business. You got it sold for more than anticipated."

The Sales Process