Do you own your own business?

Congratulations, you are the backbone of the United States economy. It isn’t the “Fortune 500”, the Wall Street giants – it is definitely the entrepreneur that has made this country the greatest in the history of mankind.

Now something that you may not be aware of, someday you have to make a decision that you probably haven’t given much thought to… one day your participation in the business will have to come to an end.

When it becomes obvious, you have three choices and two of them are not good: 1) Sell. 2) Liquidate. 3) Shut down and fade away. Oh, forgot to mention you could pass it on to your children, which generally will end up in category 3..

Next question: What is your business supposed to look like if you are going to take it to market? Having been in the business for many years, we can assure you that this is the most important question of all.  If everything is not in order, your business will not sell.  If you are fortunate enough to receive an acceptable offer, that is just the beginning and not the end, because of a process called “Due Diligence”. Your business must pass muster in a buyer’s eyes in order to get to the closing table.

There are any number of things that will stop a sale in it’s tracks.  You need to be aware of what they are.  Your solution is to spend some time with an experienced and knowledgeable business broker. An experienced broker can guide you from listing all the way through due diligence and on to closing. Make the best choice and talk to one of our brokers today.

Have you thought about selling and are curious about what businesses like yours have recently sold for? Do you have questions about the business sale process? Leave any questions or comments here and we would be happy to help.

Michael Monnot

941.518.7138
Mike@InfinityBusinessBrokers.com