Timing is everything when selling a Business
When you want to sell my business Lemon Grove, the most important thing to remember is that success will be affected significantly by timing. When you start your business, you might not have any plans for selling it. As a matter of fact, most people want their business to remain in their family. In our experience, however, some circumstances change all that and the only way forward is to sell. In some cases, the children don’t want to take over the family business whereas in certain situations legal issues force the owner to sell. If selling has always been your end game or if you are being forced to sell, proper timing is everything. So-Cal Business Brokers will help with that.
Exit plan
When planning to sell my business Lemon Grove, coming up with an exit strategy is the most important thing you need to do. Most advisors will tell you to build in at least 3 years of preparation before your eventual exit. This is because three years is ample time for you to get your company in tip top shape before listing it. However, if you are being forced to sell fast, then you need the right team to help get your business ready fast.
Our business brokers in San Diego have handled many rushed sales. We will help you clean your books, document your processes, train a great management team and increase your revenue streams. We advocate for your business. Our mission is to make sure you sell fast and at maximum profit regardless of the timeframe.
When getting ready for an acquisition, it is good to note that a buyer or business broker will want to look at 3 years or more of your profit and loss statements as well as tax returns. This is needed to understand your business better. These documents help us and your buyer understand the history and the future of your business.
Growth path
Still on timing, it is important to consider the growth path of your business. If the business is on a negative growth path, it is better to postpone the sale in order to build additional value into it. Buyers want to purchase businesses that have a positive growth trend. Businesses that are on a positive growth trend also guarantee a higher return on investment. The best time to sell a business is when it is on a positive growth path. Waiting to sell when the profits are falling will make it hard for you to make a good profit.
To learn more about the best time to exit and to discuss how we can sell your business, visit our website or schedule a free consultation with our experienced business brokers. We are always happy to guide you through the decision making process.