Selling a company should be a business owner's finest hour. Ideally, you want to get top dollar for your business and possibly minimize the impact on the employees who helped get the business to a lucrative finish line.
How should business owners prepare for this big event?
Matt Kelly, managing director of North Point Advisors, a San Francisco mergers and acquisitions advisory firm that specializes in restaurant and consumer-brand transactions, says the best way for business owners to achieve a successful outcome is to first be clear on transaction objectives.
"No two transactions are alike. For some owners, success is selling 100 percent of a business and heading for the beach. Other owners want to sell a portion of their company but remain involved in helping the company achieve even bigger goals. When you know what you want to achieve, it's easier to line up the right prospective partners," Kelly said.
Read more at:
Selling business takes careful planning - SFGate:
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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