Knowing when to sell your business | Bdaily Business News

"People choose to sell their business for a wide range of reasons.

The most common reason for selling up, according to a survey by BusinessesForSale.com, is retirement. About one in three sellers (34%) polled said they were motivated by a wish to retire.

The second most popular reason for seeking an exit is a desire to seek a new challenge, cited by 24% of sellers.

After that came the decision to relocate to a different geographic area, perhaps even country, a factor in 22% of sales.

Note that the top three reasons are all characterised as personal in nature: they’re about personal circumstances rather than those of the business. The most frequently cited business-related reason, that they had “always planned to sell once the business had reached this stage of development”, only garnered 9% of responses.

There is a danger therefore, that many business owners sell up at a less than optimum time – and that means getting a lower price than they might have otherwise achieved."

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For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.