When it is time to sell internet business, we highly recommend that you hire our Internet business broker. At So-Cal Business Brokers we have been selling online based businesses for close to three decades now. We know what buyers want to see in a business like yours, where to find the right buyers, how to prescreen buyers, how to get you the best price and so on. We are without any doubt the best team for the job when selling an online based business. With that being said, let’s take a look at some of the key qualities that make an Internet business acquisition ready.
3 – 5 Years of Financial Statements and Tax Returns
Buyers are more interested in your numbers than anything else. That is why the primary focus of our internet business brokers is helping you gather and clean up all relevant documents before listing your business. The two things we have found buyers being more interested in are your financial statements and tax returns for at least 3 to 5 years. These documents help the buyer determine if your business is a worthy investment. Our job is to present these documents in a way that helps you win the confidence of potential buyers.
Well documented systems and processes
Taking over an existing business is not easy. There is a culture to keep up with and new systems to work with. It is for this reason that our team at So-Cal Business Brokers works with you to properly document all your systems and processes. Doing so makes it easy for the new owner to take over the business with ease. At times you may have to stay on as a consultant to help the buyer get accustomed with your business. Our job here will be helping you get the best possible terms.
Computerized quoting and billing systems
The more automated your business is the more attractive it will be to potential buyers. More automation means less manpower is needed and the operating costs will be lower. Following a business valuation, our internet business brokers will help you identify areas that you should automate to save money.
Serves diversified industries
If your business only serves a small industry, it has a high risk of failing if there is a change in the served industry. That is why you should strive to diversify to more industries so that your business can be more stable.
Diversified customer base
Last but not least, your business should not rely on a handful of clients for its success. More than 15% of your revenue must not come from a single customer. The more customers you serve the easier it will be for your internet business broker to sell your business.
Our duty at So-Cal Business Brokers is to help you sell your business fast, to the right buyer and for the best price. Give us a call today to find out more about our services. We offer a free consultation.