The decision to sell distribution business is a huge one. This is a business you have developed from the ground up and invested a lot of time and money in. The truth, however, is that you cannot run it forever. The best you can do is make sure when you sell you get maximum profit. That is what we are here to do. At So-Cal Business Brokers we understand how much you value your business and so go above and beyond to get you the best price.
When you decide to sell distribution business you will have one major question to battle with. This is the question on whether to move on or stick around. The best our team can do is advice you on what to do. The final decision will rest solely on you.
Personal reasons
The decision on whether to leave or stick around will depend on your reasons for selling. This is a decision you have to make long before your business is listed. Whether you choose to stay or leave your choice will significantly affect the marketing strategy we use to sell your business. It is thus very important that you be honest with your motivation for selling. Doing so will help determine if you should stick around or not.
If your motivation for selling is solely financial, sticking around could be a great idea. Here you might just want to sell part of your business. If the reason for selling is due to burnout then you may want to sell and leave. Sticking around in this case will not be a great idea.
Speed up the sale
At times you may want to stick around for a while as a way of attracting more buyers. Agreeing to stick around will increase the business transaction price. This is because as the person who grew and operated the business for years you understand it much better. Sticking around also tells the buyer that you have confidence in the success of your business. Our job, however, as your business broker is to draft the best terms so that you don’t stick around longer than you should.
Keep yourself occupied
What will you do next after you sell distribution business? If you have no idea you can agree to stick around as an employee or partner. That way you will have something to do before you move on.
Regardless of what you want to do after you sell your business we can help smooth the process. We have handled numerous types of sale and believe we can help you achieve the results that you want. Contact us today to take advantage of our free consultation. We are always happy to hear from you.