Selling your business is a big decision. You have committed your time, money and energy to building this company. Business owners have many motives for wanting to sell. The most common are: burnout, retirement, desire for a new challenge, health problems, dissolution of partnership, lack of working capital and divorce.
You have decided that now is the right time to sell and you need the best professional guidance you can get. This should include your accountant, attorney and a professional business broker. The right team can mean the difference between getting rid of you company and selling it for the very best price and terms.
How Much is the Business Worth?
Most sellers have some idea about what their business should sell for. This is taken into consideration, but the business broker is familiar with the local market, and by reviewing financial information can make a recommendation of what he thinks the business will sell for. A range is normally set with a high and low price.