Sell Your Business Now

Now may be the best time to sell your business in the last decade and there may be indicators that the window may not last for very long.

1 – Higher Multiples

You can read here (What are Multiples) a little bit more about what multiples are but over the last 18-24 months I have seen the multiples increase for many businesses. I have seen restaurants increasing steadily, insurance agencies getting record multiples, certain practices such as dental offices increasing because of the easy access to capital and many more examples.

2 – Quicker Sales Times

The average time a small business takes to sell is usually around 10 months. To give a few examples we received multiple offers on a business with a lack of records within 45 days, a franchise within 60 days and one of the longer businesses I have had on the market was at 9 months but it was a cash offer 25% over any sold comparable businesses that we could find.

3 – Lack of Good Businesses on the Market

There are 1,000’s of businesses on the market at anytime and although many look interesting once you start to look into the details the numbers cannot be proven, they have a bad broker that does not know how to properly market or package a business or so many other things that may come up.
Even a bad business can be sold if packaged and presented in a proper format.

4. High Demand for E2 Visa’s

At any time half of my businesses are being purchased on an E2 visa. The E2 visa in its most basic form is a citizen of another country purchasing a business for the right to live in the country for an indefinite period and it is a more simple and cost effective strategy than some of its alternatives. There are many different variables for a business to qualify for a visa such as the purchase price, number of employees, how income is derived…but there are also exceptions depending on the age of the business and other factors.

5. Baby Boomers

There are indicators that sometime between now and over the next several years that there may be a gulf of businesses on the market due to the anticipated amount of baby boomers retiring. Like anything supply and demand can have an influence over the price of a business or any other commodity.

I am here to assist with the listing price and can give an opinion of value with limited documentation and a short consult but ultimately the decision is yours what to list the business for.  With the trends of certain businesses if you were thinking about selling soon, now may be the perfect time to sell your business.

Michael Monnot

941.518.7138
Mike@InfinityBusinessBrokers.com