Common Mistakes to Avoid As You Sell Your Business
When getting ready for commercial business sales Westminster the first thing you need to do is identify the mistakes that can keep you from ever closing the deal. At So-Cal Business Brokers we have been selling businesses like yours for more than 20 years. We have made our share of mistakes over the years and learnt from them. Today we are in the best position to help you avoid most of the mistakes that may keep you from ever closing the deal. Here are our top picks.
Holding out too long
A common mistake most business owners make is that of waiting too long to sell. Waiting too long opens room for unforeseen factors that end up causing the value of a business to nosedive. Timing is everything. Commercial business sales Westminster typically take 1 year and may even drag on for 4 years. Having a long term exit strategy and updated financial records will help our business brokers ensure you sell at the right time and for the right price. Our team knows what to expect as fair offer and we will let you know when the best offer is on the table.
Letting the business broker do all the work
This is a very common mistake we see business owners making. Just because you have entrusted us to sell your business does not mean you stop giving it your all. Our job as your representative is to find you the best buyer and help you close the deal fast. If you neglect your business during the sale its value will end up declining and that will make it hard for us to sell it. At So-Cal Business Brokers we take over the sale so that you can focus on the core operations of your business.
It is not uncommon for a business owner to feel their business will sell faster and for much more than the business valuation says. The important point to remember when getting ready for commercial business sales Westminster is that buyers will only go with the verifiable data. Buyers give an offer based on objective and quantifiable criteria. One of our biggest duties is to manage your expectations. We will be happy to explain to you why we have priced your business as so and let you know when the best offer is on the table.
No prequalifying buyers
The worst mistake you can probably make when selling a business is failing to prequalifying buyers. Just because a buyer seems to have the money doesn’t mean he will commit. Some just want to look around. Our business brokers will prequalify potential buyers on different areas before letting them through to you. Doing so ensures you don’t waste time on useless things and that you close faster.
We want to help you sell fast and for the best possible price. Give us a call today and let us help you with commercial business sales Westminster. We have the best team of business brokers in Orange County. Take advantage of our free consultation.