Common Seller Questions
Over the years, we’ve noted we are asked questions again and again. Here then, are the four most common questions asked by sellers: 1. How long will it take to sell my business? It generally takes, on average, between...Read more
Take a Look at Your Lease
If your business is not location-sensitive, that is, if your business location is immaterial to its success, then the following may not be important. However, lease information is usually helpful no matter what the situation. The business owner whose...Read more
Selling a Business: How Long Does it Take?
A recent survey revealed that the average time between listing and sale was 9 months. Why does it take so long to sell a business? Price and terms are the biggest reasons. Not over-pricing the business at the beginning of...Read more
How Long Does It Take to Sell a Business?
Photo Credit: gadl via Compfight cc Recent studies indicate that it now takes, on average, about eight to ten months to sell a small business. This figure seems to increase yearly. Why does it take so long to sell...Read more
When to Create an Exit Strategy
Photo Credit: DoodleDeMoon via Compfight cc There is the old saying that the time to develop an exit strategy is the day you open for business. Sounds good, but it’s not very realistic. Further, it also isn’t very...Read more
Business Valuation: Do the Financials Tell the Whole Story?
Many experts say no! These experts believe that only half of the business valuation should be based on the financials (the number-crunching), with the other half of the business valuation based on non-financial information (the subjective factors). What subjective...Read more
What Happens When There is a Buyer for My Business?
When a buyer is sufficiently interested in your business, he or she will, or should, submit an offer in writing. This offer or proposal may have one or more contingencies. Usually, the contingencies concern a detailed review of your...Read more