It’s not easy to sell internet business especially if you have built it from the ground up. This will be more like letting go of your own baby. To remain objective throughout the sale, you need to work closely with an experienced business broker. At So-Cal Business Brokers we have been involved in the sale of internet businesses for more than 20 years now. We know what needs to be done to achieve the best results and how to close fast. Contact us today and let’s discuss how we can help you achieve success. In addition to hiring our expert team, there are four more things we recommend you do as you get ready to sell.
Define your goals
Our duty as your business broker is to help you achieve most of your goals. We will not be able to do this if we don’t know what you really want. That is why as we get ready to sell internet business we sit down with you to better understand your goals. Some of the questions we ask include the following:
- Do you want an employee buy-out?
- Do you want your business’ culture to be respected by the new owner?
- Do you want a strategic or financial buyer?
- What are the most important traits of the ideal buyer?
Determine the range of value
Another important thing you will have to do is determine the range of value. Our business brokers will perform a thorough business valuation on your behalf. This helps come up with a realistic valuation as well as a fair selling price. It is also our job to ensure that you have realistic expectations about the sale. Needless to say, you will not be able to sell for maximum profit if you have no idea how much your business is really worth.
Enhance business value before selling
It takes between 6 and 12 months to sell a business. This means even after listing your business you still have to keep operating it optimally. Finding ways to enhance the value of the business will also make it easier to sell. Some of the things we may recommend you do as you sell internet business is to focus on your core competencies, reduce customer concentration and reduce operating expenses.
Gather all business records
Last but not least, you need to make sure that all your business records are ready. They will be required in the due diligence phase. Our business broker will be happy to point out the documents that you need and also help you clean them up.
At So-Cal Business Brokers we believe we are in the best position to sell internet business. We have the experience and resources you need to close fast. Give us a call now to schedule a free consultation with our experienced business broker.