Why You Need To Act NOW!
Why do you need to be preparing your business ‘Ready for sale” NOW?
Because, if you think you can wake up one morning, decide to put your business on the market and have a sale completed in a few weeks or months – then you need to think again!
Depending upon the “sale readiness” of your business, it could take three years or more to get it ready to sell. That’s why I recommend you get me to conduct a business ready for sale assessment on your business NOW!
Apart from the state of the business, other external factors are affecting the values and sell time for businesses. The following is a summary of data from a recent edition of Business Values Newsletter published by Jarot Business Valuations based in Perth, Western Australia.
(1) It’s a buyers’ market. The number of businesses being listed for sale is increasing. In WA between September 2018 and September 2019 the number of businesses listed for sale (on See Commercial) increased by 53.21%
(2) Baby boomer business owners are wanting to sell and retire and this number will continue to increase for years to come
(3) Buyers have become very risk averse and are looking for “safe haven” businesses to buy. Anything that’s considered risky will be very difficult to sell
(4) Finance to buy businesses is hard to come by making it difficult and drawn out to complete the sale process – if it completes at all.
Having said all that, a really well prepared business in an “in demand” sector will sell well. I’ve been involved with some businesses over recent years that have sold very well because we spent the time getting them “ready for sale”. See the testimonials on this website.
Remember, a business that’s ready for sale is well worth keeping. Build your business as if you are going to keep it for ever but could sell it tomorrow. Better still, make your business so attractive that people come knocking on your door wanting to buy.
How do you do that? Book a no obligation 15 minute chat with me to discuss your situation and get some ideas. Just CLICK HERE to book a time.
Every business owner who has any ambition at all to sell their business one day, and cash out with a good sale, needs to be planning and preparing their business ready for sale EVERY DAY.
A business that is ready for sale will be much easier to manage, run without the owner, be much more successful and will attract buyers. This is the situation you want to be in so that you can have options to sell for the price you want, when you want to. You should be in control of the whole process.
You can book a no obligation 15 minute chat with me to discuss your situation and get some ideas. Just CLICK HERE to book a time.