Why Sell My Business
As the successful owner of a middle market company, the thought of selling your business has probably crossed your mind. For the majority of owners’, the top reasons are:
- Burnout – “The thrill is gone”.
- Lifestyle factors – Is your age or health adversely affecting the business?
- Lack the capital – for operations or growth to take your business to the next level?
- Unreasonable risks – continuing from expanding competition or market changes?
How Can I Successfully Sell My Business?
Selling your business one of the most important financial transactions in your life.
With over 25 years’ experience, our financial and marketing professionals have expertly helped companies of all types and sizes – from traditional main street retailers to complex multi-line manufacturers. As a professional you can rely on me to absolutely maximize value, price & terms the right way to attract qualified buyers for the sale of your business.
What’s My Business Worth?
One of the first items in preparing to market your business will be to determine the most probable selling price for your business. For each business owner there is usually a small window of opportunity to sell your business the right way to maximum value and to the right buyer. My unique background of accounting & financial management combined with 25+ years of entrepreneurial “hands on experience” enables me to recognize opportunities to enhance value.
In addition to our own in-house database of qualified buyers, Murphy Business Broker’s individualized marketing programs including extensive web-based advertising, assure each client of maximum exposure to the greatest number of interested buyers. Wasting time on buyers that are not pre-screened and found to be qualified is a common reason for a slow sale. Our professional South Florida Business Brokers run a thorough screening on buyers to avoid false starts.
Complimentary Market Analysis
If you’re thinking about selling your company and would like to discuss the selling process on a non-obligation basis, please call me now at 561-676-7601 to receive a comprehensive market analysis. You will quickly see the value of the professional services that we offer.
All communications will be held in strict confidence.
Selling Your Business – What You Should Know!
Selling your business is a major decision!
You have devoted your time, money and energy to building, running and operating your business. It may well represent your life’s work. You may be deciding that now is the right time to sell, and you want the very best professional guidance you can get. This is when it is absolutely crucial to have a professional business broker, who has seen hundreds of business bought and sold, and knows just what aspects can make a sale go down successfully or crash the deal. Your business broker is there to get you the best price and terms possible.
Here’s what Business Broker Denis Berger will do for you:
- A professional valuation of your business.
- Executive review and profile development.
- Create professionally packaged Business Presentation & Financial Information
- Complete CONFIDENTIALITY DISCLOSURES and PRE-QUALIFICATION of buyers.
- Structure the sale for successful transition
- Due Diligence
- Negotiations and closing
The most common questions asked by sellers.
The responses are based on both experience and knowledge. If you have any question that I have not covered, please don’t hesitate to ask me.
What Can Business Brokers Do – And What Can’t They Do?
Business Brokers are highly trained professionals, most who have run their own businesses, and can engineer a fast and discrete sale of your business.
It is vital to know exactly what a professional business broker can do, as well as what they can’t. We are very active brokering business sales in Miami, Ft Lauderdale and West Palm Beach.
As your business broker we can help you decide on how to price your business and how to structure the sale so that it makes sense for everyone – you and the buyer. We can find the right buyer for your business and work with you and the buyer in negotiating and coordinating every step of the way until the transaction is successfully completed.
We will also help the buyer with all of the details of the business buying process. A business broker is not, however, a magician who can sell an overpriced business. The majority of quality businesses sell easily, if the price is reasonable and the deal is structured professionally
Should I sell my business now? You should understand that only the marketplace can determine what a business will sell for. The amount of the down payment you are willing to accept along with the terms of the seller financing can greatly influence not only the ultimate selling price, but also the success of the sale itself.
How Long Will It Take To Sell My Business?
It generally takes an average of eight months to one year to sell most businesses. Keep in mind that an average is just that – an average.
Some business, naturally, sell faster than others. The quicker the buyer has all the necessary information for marketing, the sooner the business goes on the market. You can’t market a business without the marketing package – and all the important information comes from the seller.
It’s crucial to price your business reasonably from the beginning. Some owners try to start high and dicker, hoping they may get more than they would settle for. In reality, savvy buyers won’t even consider an overpriced business. Others have a price ceiling that would have fallen in your real asking price, but likewise pass it up without a look.
Why Is Seller Financing So Important when I Sell My Business?
It has been shown that the amount of down payment may be the key ingredient to a quick sale. The lower the down payment, (generally 65% of the asking price or less), the shorter the time needed to a successful sale. A down payment that is reasonable is a great indicator that the seller has confidence in the buyer’s ability to maintain on time payments.
So, should I sell my business? Contact us today to discuss your sale with a professional!