Selling Businesses: More Work than Meets the Eye
Updated: Oct 23, 2018
The decision to sell one of your small businesses does not come easy. You have been building up the time and energy to sell your business, after you’ve already put a lot of time, effort, and equity into growing. Sometimes, there’s not a better option, whether your business is thriving or sitting still.
Your goal is to maximize your value when selling, and assessing steps to prepare for the sale can be daunting. Not to mention, if you have close personal ties to the business, selling off your small business can be a lot to handle and very close to home. All at once, you are trying to get the maximum price for selling your business, find the best terms for the sale, and searching for the right buyer.
If you go it alone, you have a lot of steps to take to sell your business. Sound planning can help ensure you cover all your bases, but even then, it is nearly impossible to imagine the work that goes into prepping the sale of your business. The sale cannot continue until you use a business evaluation to set a monetary value before marketing to prospective buyers. Next, accurately valuing all property and real estate tied to your small business can mean a lot of legwork into finding just what it is you own, and how much it is worth. This can include intangible assets too, like brand presence, intellectual property, customer information, and projection of future revenue. All of this is daunting to an individual owner or collective of small business entrepreneurs, but at SA Capital Partners, we’re experienced and proven to be assets in the sale of your small business.
The help of SA Capital Partners can be what you need to push you towards a smart business decision. Anytime that you have an opportunity to get liquidity in your company, you need to seriously consider it. For most business owners, it is the right move to sell when they are considered a “small business” because running a small business is risky. That risk does not go away, and the longer you hold on to that business and the bigger you get, the more chance you risk of failure. The failure of a small business is not even always of the owner’s doing. Sometimes things do not work out, but that does not mean they have to go wrong or become mistakes.
There is value in a business but no liquidity until you go through a transaction of selling a piece or all of your company to a buyer. Finding that buyer can be difficult, but SA Capital Partners works with you. When a small business goes on the block, it’s not just buyers who are investigating. Smart sellers are coming to the table with a clear understanding of their business’ competitive position in the market, a realistic asking price and knowledge of a potential buyer’s suitability well before they sit down to negotiate. It is important for you to understand your company’s value and have the right plan in place.
Make the process easier. Avoid the headache and turn to SA Capital Partners when selling your small business.