When is the Best Time to Sell a Small Business?
Hiring a business broker National City is the first thing you need to do when considering the option of selling your business. An experienced business broker will help decide on the best time to sell and even fix your business to sell at maximum profit.
At So-Cal Business Brokers we work with clients having all manner of reasons as to why they would want to sell.
- Change in passion to move in a new direction
- Selling was always the plan. Some clients have the mission of selling once they hit their objectives or timelines.
- The business has outgrown their skillset
- Change in circumstances such as lifestyle, family or health
- Capital or cash flow restrictions are stunting the business’ growth
Regardless of the reason you may have, our business brokers National City will be able to help you determine if your reasons are valid. To lure more buyers in, we can also advice you on the best reason to use. Here are some of the ways we help.
If you are selling because your business is stagnating, we can help get the best deal out of it. We understand that your financial picture has the biggest part to play when selling and that the buyers are looking for up to date financial figures. We will help you finalize your books promptly at the end of the tax year. This will work in your favor. Our team will also find a way to help you finalize your books on a high. This can be achieved by shifting some of your debts, selling off the old stock through clearance sales or getting new partnerships.
Needless to say, it is easier to sell a business that is experiencing financial growth results. Buyers are more inclined to pay high prices for such businesses. If your business has had year on year growth and has been well established for at least 5 years, you will be in a perfect position to sell it. If your goal has always been selling, we advise that you sell when your business is in a ripe finance position. Don’t wait until the growth starts to decline.
What is going on in your industry will also matter when thinking of selling. If there is a new player that is upsetting the trends, we can help you determine if you need to sell. We do this by determining if the situation will improve or worsen over time. If there is no chance of table changing in your favor, our business broker National City will help you sell fast. Selling is always a last resort. We first exhaust all the avenues of changing things up to level out or even push the trend upwards. If everything fails we proceed to selling.
So-Cal Business Brokers has sold all manner of businesses. Our team is able to make recommendations that improve your financial situations with sale in mind. Contact us today for a free consultation.