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. Selling a business that is not profitable can bring additional challenges, but that does not mean it’s impossible.
All things considered, in order to sell a business quickly, you will likely want to consider working with a business advisor that has experience in your industry as well as your location. The assistance of an experienced business broker can bring you peace of mind as you navigate unfamiliar territory and their expertise will be particularly helpful when positioning a business that is not profitable. With the help of a business broker and access to their network of interested buyers, you can be well on your way to your next business venture. Regardless of how quickly you want (or need) to sell your business, the first step when selling a business will always be to organize financial records and determine the business’s value.
Transworld Business Advisors has a full network of potential buyers who have been carefully vetted to ensure they can and are willing to make real offers. These buyers are identified by their interest in specific industries, budgets, and accessibility. With this access, you do not have to list your business for sale out in the open or do any major outreach – which can take months. Not to mention, all confidential information is protected and potential buyers will be required to sign a non-disclosure agreement (NDA) to proceed.