Selling a Business
We have met clients and prospective clients who wish to sell their businesses. After years of hard work and creating a life from the rewards from the business, owners have an expectation that they will get a windfall, a reward for their years of effort. Unfortunately, this is very often not the case and what is offered is well below their expectations. The reason is that businesses aren’t prepared for sale!
Businesses need to be made ready for sale with a realistic price expectation understood. It takes time to do this, so be aware that it will take time and effort to do the preliminary work.
The business needs to show stability in its figures with annual growth. The business needs staff and management in place, so not dependent on one owner. The books need good cash flow forecasts, to assure a new buyer a reasonable upside.
If you want to sell, let’s talk and maximize the outcome.