Thinking about selling your business in the next year? Then it’s time to consider three factors that are critical to a successful and profitable business sale.
1) Start organizing the business financial statements. Potential buyers will want to review accurate, organized and audited financial statements, along with assessments of the related inventory, assets, and other items included with the sale.
2) Take steps to improve your business value. A clear package of financial statements creates visibility to areas dragging down business value. Asset write downs needed or costs creeping up? Take steps to identify and address items that improve buyer interest and sale value.
3) Pick an experienced team to value and market your business. Having an accurate sale price and a connected network of buyers for your business type, is critical to finding the right match.
With over 30 years of experience and more than 800 successful closings, Proforma Partners professional business brokers are able to help you take these steps. We can also help you consider a tax and capital gains plan. Contact us and start working on your New Years Resolution today!