Please ensure Javascript is enabled for purposes of website accessibility Common Questions About Selling a Business Transworld Business Advisors of Birmingham UA-101352429-1

Common Questions About Selling a Business

  • How much is my business worth?

    To determine the worth of a business, one must consider a few factors. For one, a business is only as valuable as its ability to provide an income in the future for a buyer. Other factors like what equipment does the business own; what is its inventory; profitability trends matter as well? Market comparables will also be important in understanding what your business may ultimately sell for.

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  • How to sell my business?

    There are five simple, yet important, steps to consider when selling your business:

    1. Organizing all financial documents
    2. Understand market value
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  • How to find out how much a company is worth?

    Finding out the worth of your business is the first step toward preparing it for a sale. Transworld Business Advisors offers a free business valuation, which can shine a light on where your business stands.

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  • How do I sell my business?

    If you would like to sell your business quickly and intelligently, there are a few important things to note. A wise seller 1) will understand their business’s competitive market position, 2) can choose a competitive asking price, and 3) is able to identify a competitive offer. An efficient sale is one that has been carefully planned which means preparing long before the business has even gone up for sale.

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  • How much can I sell my business for?

    A business will likely sell for two to four times seller’s discretionary earnings (SDE)range –the majority selling within the 2 to 3 range.

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  • How to sell your business to a competitor?

    The first step to selling your business to anyone is determining your business’s worth. Once you have done so, you can choose a listing price that is both competitive and within market standards.

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  • How to sell my restaurant?

    To sell your restaurant, you must follow many of the similar steps as selling all other small businesses.

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  • How to sell your small business?

    There are seven easy-to-follow steps to help you get organized and ready to sell your small business.

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  • Should I sell my business?

    There are a number of reasons why you might want to sell your small business. Whether the decision comes easily or not, it is still a significant one to make.

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  • How to sell your business online?

    The idea of selling your business online may sound like a hoax from the youngest millennial in your extended family. However, using online resources can actually help you sell your business more quickly and effectively than using only print media and advertisements.

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  • How to sell your share of a partnership?

    A general partnership means that there is more than one owner of a business. Essentially, partners share in the profits and the debts of the daily workings of the business.

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  • How much is my franchise worth?

    Finding the value of your franchise is not too different from a normal small business valuation. The first step is to begin with the assets, move into the revenue model, and then evaluate the cash flow.

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  • How to sell your share of a business?

    Selling your business share to a partner is actually one of the most common ownership transfers among small businesses. This is mainly due to the fact that your business partner is already invested in the business, knows the books, and has a clear understanding of the business’s potential for success.

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  • How to find a buyer for your business?

    Finding a buyer can be easy, but finding the RIGHT buyer can be a little more difficult. There are three simple steps you can follow to ensure you find a buyer that is perfect for your business.

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  • How much is my restaurant worth?

    Finding the value of a business can often follow the same pattern regardless of the industry.  However, because of the nature of the restaurant industry, it also has some additional elements. Here is how to find out what your restaurant is worth.

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  • How to sell my business fast?

    The decision to sell your business may have taken months or years to solidify. However, there is a sense of urgency or at least impatience that comes when the listing has gone live. That is completely understandable. Your business is out for the world to peruse and, hopefully, be purchased.

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  • How to find a buyer for your small business?

     

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  • How to sell your business?

     

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  • How much is a business worth?

    When in doubt, contact Transworld Business Advisors. Transworld offers a free business valuation before you begin the process of listing your business for sale.

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  • How much is my company worth?

    A business broker is well-versed in business valuations for a multitude of small businesses in every industry. At Transworld Business Advisors, you can schedule a free consultation to begin the valuation process – bringing you one step closer to selling your business.

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  • What is an Executive Summary?

    A Transworld Business Advisor can help you build your Executive Summary once your report has been finalized. If you are summarizing your business for a potential buyer – including profit margins, depreciating land ownership, product launches, etc. should be included. Contact your local Transworld today to get started.

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  • Is 100% financing possible for buying a business?

    To buy a business, you often have to put a certain percentage down – like buying a house. It is not common but under the right circumstances, it is possible to buy a business with no (or very little) money down.

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  • Is it possible to buy a business with little to no capital?

    In this day and age, almost anything is possible – including buying a business with little to no capital. That said, there are not many options to do so and you have to be negotiating with a complying seller. 

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  • Where can I sell my online business?

    Selling your online business is not so different from selling any other small business. You can do so one of two ways – sell it yourself or sell it with the help of a third-party advisor. 

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  • Can you sell a business quickly? How do I sell my business if it's not profitable?

    Businesses can often be sold quickly but it is important to remember that you don’t want to sell so quickly that you accept an unfair price or sacrifice due diligence. 

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  • How can I increase the value of my business?

    The value of a business is determined by several factors, therefore, there is no one exact science for increasing it. Of course, that also means that each individual business can find methods of increasing its worth that may look different from the competition.

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  • What increases the value of a business (or decreases)?

    The value of a business is determined by many factors including tangible and intangible assets. For example, profits and intellectual property matter as much as good reviews and customer loyalty. In the same way that having strong financials and returning customers can help your business, disorganized financials and displeased customers can decrease your business’s worth.

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  • How long is a business valuation or Broker Opinion of Value (BOV) good for?

    A business valuation is a tool usually used to get certified reports that are valid for IRS or litigation purposes.   A simplier Broker Opinion of Value (BOV) can be performed to determine the listing price for a business ready for a sale.  However, it can also be done to simply determine the business’s value as you are looking to improve and/or grow your business. That said, did you perform a BOV (or business valuation) a few months (or even years) ago and wonder if it is still valid? That is a great question. The answer is: it depends.

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