What should I do to ensure the quickest sale possible?
Have up-to-date financial information:
This is one of the most important steps in ensuring a speedy transaction. By keeping clean and accurate financial records prior to your decision to sell, not only will you speed up the planning phase of preparing your business for sale, but you will also accelerate the phase of finding a qualified buyer.
Prepare a current list of fixtures & equipment:
Before your business is listed, Plethora Businesses completes an appraisal on your company to determine its value. Having a list of your fixtures and equipment will speed up the valuation process.
Continue to run your business as if you are not selling it:
Buyers are looking for businesses that have a strong foundation with consistent or growing sales, excellent management and efficient invesments in advertising and purchasing. Because of this, it is extremely important that you continue to focus on running the business as if it is not for sale.
Be willing to negotiate with the buyer:
Just because a buyer isn't offering the full asking price up front does not mean you shouldn't work with him. There are many creative ways to finance a business acquisition, and your sale will move more smoothly if you are willing to negotiate.
Don't be afraid to brag about your business:
Gather all the information a buyer might like to review and present it to them with pride.
For more information about selling your businesses, click here, or contact us at (714)255-8862 to schedule an appointment.