Selling your business is a difficult thing to do. This business, whether retail, manufacturing, or service has been your baby for many years. You’ve seen it through good and bad times, made friends because of it, and have lived a comfortable life while working for yourself.
But there comes a time when selling that business is inevitable – retirement looms, illness is taking over, or you just want to do something different. These are all viable reasons for selling and now is the best time to take advantage of putting your business on the market.
Sunbelt Business Brokers has the answers as to why you should sell now and will help you build a bridge between yourself, the seller, and a buyer.
- There are more buyers in the market than ever. Since 2009, the number of buyers has increased by 23 percent and there’s many more looking to buy right now. But don’t hesitate, since Baby Boomers are retiring at an average rate of 10,000 people per day. That glut of businesses on the market will lower the value of your business. IF you want the highest value for your business, consider listing now.
- Sell from a position of strength. That is, sell when your valuation is at its highest. Since 2008, small business revenues have increased by 30 percent. That history of increasing revenues translates into the maximum value for your business. Don’t wait for another recession to happen that will diminish that value.
- There’s been an increase in business lending. Small lending is back with consistent loan approval growth over the last 12 months. And as the Federal Reserve has kept interest rates low, buyers are have been able to get loans to buy your business. Act now before the Fed increase interest rates and casues loan repayment challenges and slower growth opportunities.
- “Finally, it’s a good time to sell a business”
