As ABC Broker Peter Nola says: People ask: “Is my business ready for sale?” If not then, “What should I focus on to get the highest possible sale price?”
‘Ready for sale’ does not mean it has to be on the market at that time. It means that if an opportunity arose, or circumstances necessitated a sale, then the business would be ready to go and have the characteristics for which a buyer would pay a better than reasonable price.
One of the things I have realised is that you will always get more value for the business at sale time if you have properly set it up for sale. Just because the business is set-up to sell, doesn’t mean you have to sell it! By getting it ready for a transition to a new owner, putting solid systems in place, employing great staff and reducing the reliance on you, you will have achieved two important things.
- You will get the best price when you sell. You can only sell your business once, so it makes sense to get the most for it.
- You can own the business for longer as your work-load can be as much or as little as you decide. This means if you want to work part-time, full-time or take extended holidays, its up to you. But either way, the business keeps functioning well and keeps making you money.
The Business Broker Business - 3 Key Tips for Business Owners - Lawfuel.co.nz:
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.
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