A business broker Orange County can make it easy for you to sell your business and the land it sits on. Even so, you still need to plan properly so as to sell each successfully. In this post, we shall be taking a look at the important things you will have to do.
Selling a business is a complicated proposition for the majority of owner. The sale is even more complicated when it includes commercial real estate. Even with the best business brokers Orange County by your side, you need to make sure that everything is well organized and planned pre-sale. Doing so will help negate any buyer concerns and also get the highest possible offers. Here are the most important things you need to consider when getting ready for the sale.
Determine if you should sell together or apart
The most important decision you will need to make is whether to sell together or separately. The decision you make will have a significant affect the asking price and the type of buyers that you attract. It is harder to find a buyer that is interested in both your business and the real estate. It is also hard to find a buyer that will want the real estate and allow a business to continue operating on it. Selling together or separately has its share of pros and cons. A good business broker Orange County will advise you accordingly.
Enhance the facilities
Whether you want to sell the commercial real estate or the business, first impressions will matter a lot. As you get ready to sell, you need to take the time needed to improve curb appeal. The inside and outside of the business must reflect the same care that you put into the building. Simple things like cleaning, landscaping and adding a fresh coat of paint will do wonders. When the first impression is great, you will be able to attract more buyers.
Price it right
The first thing you will have to do as soon as you hire business brokers Orange County is to get a business valuation report. The valuation report will help you know exactly how much your business and the real estate is really worth. Your business broker will then use the market trends to help set the right price. Overpricing your business will only kill chances of attracting more buyers. Setting the right price will create maximum demand which enables you to command higher prices.
With that out of the way, the next thing you need to do is to get the word out. Your business broker will again help with that. You should also be willing to offer seller financing.