Selling a business is a lot of work thus the reason you should start by hiring an experienced Internet business broker. Our mission at So-Cal Business Brokers is to smooth the process of selling an online business. We have been selling businesses like yours for more than two decades now. We understand what needs to be done to get the results you desire. Our duty is mostly to guide you throughout the sale and ensure you find the right buyer and strike the best deal. Here are some of the things we recommend you do as you sell your business.
Hire a specialist
It goes without saying the first professional you need to bring onboard is a specialist. You need someone that has sold businesses like yours in your corner. That is what you get with our internet business brokers. At So-Cal Business Brokers we specialize in the sale of business. Our specialty is in the manufacturing, distribution, service and Internet businesses. We focus in the sale of businesses valued between $500,000 and $10 million. Contact us today to take advantage of our free consultation.
Work on first impressions
Now that you have the right professional in your corner, the next thing you have to do is to work on your business’ first impressions. There is a lot you have to do here. The idea is to eliminate as many flaws as you can. Some of the things you can do include:
- Gathering and cleaning documentations
- Training staff to take over your function
- Hire staff that is qualified for the work you do
- Document systems and procedures
- Clean up your inventory
- Clean up your books
- Get current on taxes
Understand tax consequences
It is also important for you to understand the tax consequences before you allow an Internet business broker to sell your business. Your business broker or CPA will be able to educate you on the tax consequences. The goal is to get into the sale process with a clear understanding of how much you will end up with. Our business brokers are happy to help with this.
Have a post-closing role
The new owner will need your help running the business after taking over. That is why you must determine how long you want to stick around to help the new owner. Our team will help determine the best duration and negotiate favorable terms.
Get ready psychologically
Last but not least you will need to be mentally ready to sell. Pulling out of the deal the last minute will lead to problems. Our Internet business brokers will enlighten you on the impact selling will have on you.
Give us a chance to sell your business for maximum profit. At So-Cal Business Brokers we only get paid when you get paid. Contact us today for a free consultation. We are always happy to hear from you.