When you are considering the sale of your business, you may have
questions. Whether you are ready to sell your business now or
are just beginning to consider selling, call Exodus Business Solutions
for a confidential consultation at no cost. We are happy to help
you get the answers, with no obligation - just call us at 619.688.0007. We have collected
a few of the common concerns. Below are some of the things we
hear from time to time.
Questions Frequently Asked by Sellers
Question - "When is the Best Time to Sell?"
One of the best times to
sell your business is when your sales and profits are on the increase,
as the sign of success will give buyers a bigger incentive to
buy now. During a growth cycle, your business is more likely to
be valued higher than at any other time (particularly if your
figures have been growing for a number of years). If
your business has entered a state of declining sales and profits,
you may have to rely on economical factors to help determine the
optimal time to sell. Look for falling
interest rates as this is a time for investors to find a better
alternative for getting a higher return on their money than they
would from a bank. If financing is easily accessible and cheap,
potential buyers may see it as being a good time to buy. By recognizing
fluctuations and opportunities in the economy it may help you
determine a good time to sell.
Question - "How
Long Will it Take?"
There are no patterns or
methods to estimate how long it will take to sell your business,
as each business is different from the next. The national average
for selling a business is around six months but this is based
on a range between two months and two years.
Question - "Why
Not Sell the Business Myself?
The process of valuing,
marketing and selling a business is extremely time consuming.
Many business owners would rather focus on running their business,
and keeping profits high, and let professionals handle the sales
process. It is also impractical for an owner to try to sell his
or her own business, and keep it confidential. However, for very
small businesses that are valued less than $25,000 or so in value,
it is common for the owner to try sell the business themselves
without the use of professional assistance through a newspaper
ad. Again, this may expose the business to rumors that the business
is for sale.
Question - "How
many deals have you done?"
Our team of professionals
has years of total experience, and together have done dozens of
smooth, professional business sale transactions.
Question - "What's
it going to cost?"
The cost of our professional
fees are based on a number of factors, however we are very competitive,
and deliver exceptional service and value. In the end, business
owners normally come out ahead financially by using our services
since Exodus Business Solutions can help get a fair market price
for a company in the shortest possible time.
