There are many reasons that a business owner might wish to sell their business:
- Poor Health
- Burn Out
- Other Business Interest
Steps To Selling A Business
Selling a business can be difficult and nuanced. Getting a correct valuation, confidential marketing, vetting buyers, negotiations, due diligence (attorneys, accountants and landlords) and the legal closing can be complex and time-consuming.
To complicate matters, most business buyers for main street businesses are first-time buyers. This means that they need their hands held each step of the way. 50% of business sells fail to reach completion due to the fact that buyers get nervous and they back out.
Most business owners are in jubilation when their business finally sells. After all the blood, sweat and tears, most business owners are excited to be paid handsomely for their hard work and years of sacrifice.
Business Brokers Raleigh
Having a business broker is an essential part of the business sell for most business owners. Business brokers bring professionalism and calm to a frustrating and trying process that seems as if it is on the brink of imploding at any moment.
You are going to want to have a business broker walking you through each step of the way. Transworld Business Advisors has 40 years worth of experience and your local Transworld broker will help you receive top dollar for your business.
Contact us today if we can help you with your business valuation.