Selling a business requires a lot of work, including things like financial analysis, market research and more… Of course you have to start your exit strategy early and clearly understand your motivation. Hopefully you have your books in order, you have built a mini business plan and you know your worth. It is still very important to stay in business and to continue to add value!
Just like a home owner who paints the kitchen, steam cleans the carpets or upgrade on very simple fixtures before the property goes on the market it’s important to do the same for your business. Replace or get rid of old equipment. Sell off any assets that aren’t generating revenue. Do what you can to increase the financial attractiveness of your assets so that when a potential buyers walks in the doors, the know that everything is ready to go once they close the deal.
About Brightblue Transition Solutions
Located on Vancouver’s North Shore we are the premier business broker in the lower mainland, contact us if you need any help buying or selling a business in the greater Vancouver or lower mainland areas.