Selling A Business FAQ

Transitioning from Business Ownership to Retirement

If you are in your 60s or 70s and own a business you may be thinking about retirement at some point. But for many business owners this can be a scary thought. What do you do with all of your time? Will you miss running the business and seeing the employees every day? Fortunately there…

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Business Valuation Factors

There are a lot of a factors that go into what a company will sell for.  We outline below some of the criteria that can affect the valuation of a company. Net Income The financial health of your company will certainly be a major factor in potential buyers’ decisions on what they will pay for…

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Should I Sell my Company myself or hire a Business Broker?

If you own a company and are thinking about retiring, then you may be thinking about the best way to exit your business. In some cases, you may be deciding whether to pass your business down to one or more of your family members. You may be considering whether they have the capabilities and interest…

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What is EBITDA and Why is it Relevant to You?

If you’ve heard the term EBITDA thrown around and not truly understood what it means, now is the time to take a closer look, as it can be used to determine the value of your business. That stated, there are some issues that one has to keep in mind while using this calculation. Here is…

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What can I do to help sell my business?

A buyer will want up-to-date financial information about the business for sale. If you use accountants, you can work with them on making current information available. If you are using an attorney, make sure they are familiar with the business closing process and the laws of your particular state. You might also ask if their…

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How long does it take to sell my business?

It generally it takes, on average, between five to eight months to sell a businesses. Keep in mind that an average is just that. Some businesses will take longer to sell, while others will sell in a shorter period of time. The sooner you have all the information needed to begin the marketing process, the…

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