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The Difficult Business of Selling Your Business
Many times Business Owners don’t know where to begin…….. But You’ll Know When it’s Time to Sell……
After building your business for 5-10-20-25 years from something small to what it is today you are now confronted with the task of selling your business. However the challenges you face in attempting to do this can have you stumped. In the course of building your business what prepared you for what you want to do today? You don’t get in business to sell a business.
Some owners will ask when does the owner of a business know when it’s time to sell? The answer is two-fold; first the owner in his or her gut will tell them that. The very same instincts you have relied upon over all of those years of building the business now telegraphs you that message “it’s time to sell, it’s time to sell”.
The 2nd confirmation you will have that the time is right is when your gut has told you this and your brain confirms what your gut told you to do………
You’re not alone; it’s a common problem for business owners. You develop all the skills needed to make your company successful, sales finance, marketing, building a workforce and increasing revenues and profits each year. If you sell your company only once – and you botch it- all your years of hard work spent building the business can be wasted.
If you want to do it right ….once, hire a professional – hire a Business Broker. The Broker will value the business using industry values and multipliers. The Broker will prepare you to sell by asking for reams of business records and operational information.
The Broker will discretely advertise the business, screen buyers for both experience and financial capability. Above all, the Broker will take you out of the process of selling the business so you can continue to run the business.
Business Broker “success fees” or “commissions” have an industry average of 10% of the sales price – only paid at a successful closing. In just about every case the Broker will earn eevry bit of their commission. Sellers shouldn't have to pay a retainer or any upfront fees.
Consider hiring the “professionals” at Hartford Business Brokers. We have over 20 years of experience in scores of industries and markets. We will get the job done right… the first time.
Hartford Business Brokers represents clients in Connecticut, Maine, Massachusetts, New Hampshire, New York Rhode Island, and Vermont.
Please feel free to call HBB at 860.674.9755 or 203.466.2266
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