If you are interested in selling your business, you should know that the selling process is neither immediate nor easy, so you might need a bit of patience when you decide to begin. The average time for a business to stay on the market is between 9 and 12 months. Sure, some businesses sell immediately, but others stay on the market for longer than 12 months. The key is to keep your focus on your business instead of on how many days it has been since you listed.

Remember this: What aspect of the business sale process is the most important? Staying in business!

Selling your business as an existing business means much more money than you would get liquidating your physical business assets after the doors are closed. In fact, the last few months of owning your business are where you should push the hardest for better numbers. Better numbers might mean more money for you at the closing table.

If you are someone who is looking for an immediate exit, speak to a business broker about the reasons for taking your time when selling your business. A patient seller is likely to get a greater return on their business investment of time, energy, and money than someone who wants out today.

Are you someone who has sold a business in the past who understands the importance of patience? Are you concerned about how long it will take to get your business from listing to closing? Please feel free to leave us a comment or question here, and we will be happy to address any concerns you may have.

Michael Monnot

941.518.7138
Mike@InfinityBusinessBrokers.com