"Every small business owner wants to get top dollar for the company he or she started and raised. But too many start thinking about the sales process too late to get the most value. (See: What Goes Into the Sale Price of Your Business?)
“Most business owners wait to sell their company until they’re mentally frustrated or worn out,” says Greg Caruso, principal at Harvest Associates LLC, a transaction advisory firm in Baltimore.
To get the highest selling price for your business, start planning early. And do these five things:
1. Strive to increase profits and cash flow.
The person or company buying your business will probably need a loan for the purchase—and they’ll be using the business’ profits to make their monthly payments. That’s why maximum profitability, as well as healthy cash flow, is so important to the value of your business. "
Read more at:
5 Ways to Increase the Value of Your Company—Before You Sell It:
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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