Irvine Sell My Business

How Long Does it Take to Sell a Small Business

When you want to sell my business Irvine, one of the first questions you will ask is how long it takes to sell. Most of the clients that come to So-Cal Business Brokers often expect a direct answer. The truth is that there is no short answer to this question. This is because many factors determine how fast you sell. Our business brokers in Orange County will be happy to educate you on these factors and tell you what you can do to sell faster.

In our experience
Based on the businesses we have sold over the years and the different markets we have worked in, we are able to give you an average length of how long it takes to sell a business. Typically, when you want to sell my business Irvine, you have to allow at least 9.5 months. This is the industry average. At So-Cal Business Brokers, we believe that it is possible to sell within three months; inclusive of SBA financing. Most business, however, sell after five months. Some even take longer to sell.

Why some businesses sell faster
There are so many factors that determine how fast a business sells. The main factors include the following:

  • Business earnings
  • How clean the books and records are
  • Type or category of the business
  • Employees and the management in place
  • Selling price
  • Available financing options
  • Size of business
  • Strategy of the business broker

Does pricing matter?
The selling price matters the most. Selling a business is the same as selling a house. Good businesses sell fast because they are priced appropriately. When you come to So-Cal Business Brokers, the first thing we will do is perform a business valuation. This is meant to determine how much the business is really worth. We will also help you fix flaws so as to increase the value of your business. Our business brokers will also consider the prevailing market trends before setting a selling price.

All things considered, how fast you sell is all about finding the perfect fit with both personalities and economics. The business broker you work with will also play a huge role. The wrong marketing strategy, for example, will keep your business on the market for long.

Do you need more information on selling a business and how long your type of business can take to sell? Give us a call today and schedule a free consultation with our team of experienced business brokers. We have your best interests at heart.

Sell My Business Irvine