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!
It can take anywhere from two to twelve months to sell your business. It might even take longer. Without knowing how long your business will be on the market, there’s no reason to shut it down before you’ve secured an offer and financing. Similarly, if you shut the doors before you have sold the business, it might devalue your business as the income is no longer coming in the doors. Selling your business could turn in to a nice motivator to work just a little bit harder in the sale months, which could increase your sales, your profits and ultimately your final selling price.
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.