Tips to Help Sell Your Business Safely and Smartly
When you want to sell your business, hiring an experienced business broker Laguna Woods is the first thing you need to do. Your business broker will help prepare for the sale, market the business, and also tell you if your reason for selling will be acceptable to buyers among other things. At So-Cal Business Brokers we are committed to helping you sell fast and at maximum profit. To help you sell fast, safely and smartly, here are our top recommendations.
Determine its value
You will not be able to make a profit if you don’t know how much your business is really worth. Getting a business valuation report is obviously the first thing you need and we can help with that. Our valuation will give you a realistic estimate of what your business is really worth. With most third-party valuation firms charging a fee of between $3,000 and $7,500, at So-Cal Business Brokers our valuation is complimentary. What is more is that we don’t just rely on textbook calculations to determine the worth of your business but also consider the market trends. Our business brokers Laguna Woods will further help you identify your business opportunities and threats to further define value.
Clean your records
Buyers want transparency when considering a business to purchase. Due diligence is performed more carefully today. One area buyers will give the most attention to is your financial records. Our job when you hire us is to gather and clean up your financial records. We have in-house accountants who will be able to identify red flags and clean your financial statements and business tax returns dating back three years. We will make sure that all income is accounted for.
Exit strategy
Preparing an exit strategy is the only way you will be guaranteed of outlasting your competitors. Our business broker Laguna Woods will help you create a sound exit strategy. We will also train a management team so that your business is not over dependent on you. To further attract buyers when you are ready to sell, we will document your processes so that the new owner doesn’t have any problem running your business.
Get contracts in order
There are so many legal considerations you have to think about before selling your business. These considerations include the asset purchase agreements, legal contract for the sale, leases and so on. Our business brokers Laguna Woods will help get all the relevant documents in order.
So-Cal Business Brokers will not just help you get your business ready and market it, we will also help you boost your sales, find the right team and pre-qualify buyers. We will also help with negotiations and financing. Schedule a free consultation with us today and talk to our experienced business brokers in Orange County.