Do you have questions about selling your business? Don’t worry. You are not alone. Below are some of the most common questions people ask. If you don’t find your question here, or you want a more detailed answer than we can provide here or on our blog, feel free to contact us at any time. We would love to talk about how we can help you successfully sell your business.
This is a common question, but the answer is not an easy one. The answer depends a lot on the type of business you are selling, the price you set, how long it takes the buyer to do due diligence, and the state of the industry you are in.
Generally selling a business is complicated, and it can take anywhere from a few months for a fast transaction to over a year for more complicated ones. Read more about how quickly you can sell your business here.
The first step in selling any business is a business valuation. You need to know what your business is worth. Business valuation is more complicated than just valuing your house though.
There are a lot of things that go into the process, including recasting your books, valuing assets and real estate, and other elements. Read more about business valuations here.
There are two primary challenges when selling a business. The first is that you need to find the right buyer at the right time. That is why it is important to know what makes a qualified buyer.
The second is that you must sell your business at the right time. If it is growing and you are doing well, you can get more for your business. If you are not making money, the offers you receive will be much lower. The health of your business, the season, and even the outlook for your industry all play a factor. Knowing the right time to sell your business is vital.
There are two primary reasons to hire a business broker when selling your business. The first is that selling a business is time-consuming and you need to free yourself up to do what you do best: keep running your business.
The second is that selling a business is complicated, and you will need the help of a team to do that. The business broker is like your quarterback, and they help you make sure that everything you need to do gets done and gets done right. Read more about why you need a business broker here.
There are a lot of steps in business valuations, and you really should enlist the help of a professional. There are two mistakes business owners often make: they either undervalue their business because they are not sure what certain things they own are worth, or they overvalue their business for the same reasons.
Want to make sure you get it right and get the price you deserve when you sell your business? Learn more about business valuations here.
Do you have questions about buying a business? Don’t worry. We know it can be a complicated process, and at first things like knowing the value of the business you are buying and getting financing can seem daunting. We’re here to help.
If you don’t find the answers to your questions here or on our blog, or you are just ready to buy a business, contact us anytime. We would love to connect you with the right seller and get you on the path to running your own business.
So you want to buy a business? Some of the first steps are knowing what kind of business you want to buy, what skills you bring to the table, and whether the timing is right.
See this post for some more things to consider when you are thinking about buying a business.
Buying a business is complicated and take some time. There are some ways to speed it up, though. Having cash, knowing what you want and having the proper licensing, and making sure you are ready to qualify for financing are all important.
It’s also helpful to understand due diligence, and the investigations you will need to do regarding a business before signing the bottom line.
There are several options if you want to buy or start a business. You can start a business from scratch, buy an existing business, or buy a franchise.
You also have several financing options, from cash to SBA loans, to seller financing. You’ll need to make several key decisions before buying a business.
There is a simple answer to this. When you are buying a house, each party has their own realtor who looks out for their interests. A business broker instead makes sure that the transaction is transparent and that everyone knows the terms of the sale.
A business broker is important to both the buyer and the seller. Find out more about why here.
The simple answer is that it can help. There are special SBA programs and other incentives and programs to help veterans buy a business. Learn more about these opportunities, and when you are ready, contact us for help.
Buying a business is complicated, and getting a loan can be too. Because the SBA is assuming some of the risk in your financing, they want to make sure that everything is in order and you are making a good investment before they grant you a loan.
Know your credit rating, and be ready to answer questions and provide paperwork asked for, and your application process will go much smoother. Here is some more information on SBA loans.
There are many challenges you can encounter when buying a business. This includes understanding confidentiality, legal agreements, negotiating a deal that works for buyer and seller, third-party finance to getting the right contractor’s license or licenses and certifications. The process can get complicated quickly.
This is one of the many reasons to consult a business broker when you’re ready to buy. If you are ready and want to learn more about the businesses we have currently for sale, contact us today.
The first step in selling a business is knowing what it is worth. But how do you value a business? It is not the same as just getting an appraisal of your home. Here are some common questions we get about business valuations.
If you don’t find your question or the answer you need here or on our blog, feel free to reach out and contact us at any time. We would love to talk with you and help you determine the real value of your business.
A business is valued using several things, including your assets, your income, projected growth, and the health of both your business and your industry.
Valuing a business is a complicated process. If you need help understanding business valuation or having your business valued feel free to get in touch today.
The quick answer is no. Valuing a business involves a lot more steps and is much more complicated than valuing a home. There are things to consider like assets, income, and business health. Learn more about business valuation here.
The answer to this question is the same reason you need an appraisal to get a loan on a house: before anyone will loan you any money, they want to know what the thing you are buying is worth. A business valuation is the first step in buying or selling a business.
The answer is yes, but only sort of. An equipment appraisal can either be part of a business valuation or its own item. If you plan to sell the equipment with the business, the value of that equipment adds to the overall business value.
If you plan to sell the equipment separately, like when a buyer brings their own or wants to buy new equipment, then it is separated from the business valuation and has a value all its own. If you need either a business valuation, an equipment valuation, or both, feel free to reach out anytime.
Yes! The first step in selling any business is to get a business valuation. That is how you know what your business is worth. Don’t just guess. Get a professional business valuation before you do anything else.