If you are looking to sell your business we have provided some topical articles to help you with many of the issues that arise during a business sale transaction.
We work with many clients who are surprised to learn that selling a business is a much different process versus selling a piece of real estate or other asset. Steve Skrlac's practice exclusively focuses on business purchases and sales.
The Importance of Planning when Selling a Business
If you plan on selling your business it is highly advisable to start thinking about your exit strategy early - 2 years or more is ideal. Too often, business owners find themselves in a situation where they need to sell (illness, injury, family crisis, etc.) and are unprepared for the process that exiting a business entails. If you are serious about selling your business please contact us and we will go over the process with you and articulate to you where you might need more information or attention paid.
Many times business owners approach a business brokerage with little more than a shoebox full of 'financial information' and claim that theirs is a cash-rich business where little is 'claimed'. These are difficult situations as these businesses are challenging to sell.
If you are serious about selling then start early and have what is needed ready: accountant-prepared financial statements (3 years or more is ideal), increasing sales & profitability and overall, a stable business that would be attractive to a large pool of buyers.
Please review these helpful resources or read our article archive for more information.. The information is a great starting point for resources on how to sell a business.
Please contact Steve Skrlac if you are serious about selling your business (or if you merely have a few questions)... he would be happy to assist you.