Ready to Sell Your Business? Last time around, we talked about critical steps to prepare your business for sale. Now, it makes sense to ponder a critical question: do the current market conditions make it a good time to sell?
As part of your retirement planning or exit strategy, timing and planning help maximize your company’s value.
As a business owner, your company maybe your largest investment. It is important to review the valuation every 2-3 years, and then look at the economic forecast for the next 5-7 years.
Working with Proforma Partners can start years before you decide to sell. We can provide a valuation and talk through your planning and the best time to sell.
Debt is still relatively cheap, the economy is still growing, and private equity groups are still actively looking for quality opportunities. If you anticipate a sale in the next 2-3 years, the remainder of 2016 and the first half of 2017 may be the best time to sell that we have had — or will have — for a few years. So, the time to move is probably now. If your time horizon is 5 years or more, it’s wise to focus on building and improving your business and ride it out.