Selling your business when conditions are not optimal can be challenging, but it may be the most advantageous move you can make.
The prime time to sell is when your business is thriving, particularly when your Owner Discretionary Earnings (SDE) are robust, you have a substantial backlog of orders, and long-term SBA funding is readily available. This advantage allows you to get all, or nearly all, cash at closing.
That time may be now, as we don’t know what tomorrow will bring. Your health or other matters of life may be more important issues to deal with.
Businesses with over $2 million in gross sales are highly sought after. This market segment is ripe with opportunities. Leveraging your current business profits to offset the depreciation and amortization of the target company’s assets can be a strategic move. It can eliminate the losses from the acquisition opportunity and reduce the taxable profits of your current business.
Call Bob Dolan for a free consultation to see if you are qualified.
Moreover, even businesses with lower profits are attracting interest from larger companies looking to expand their platforms. Knowing your business’s value is crucial if you’re considering selling. Avoid surprises and allow the buyer to make corrections and improvements. Bob Dolan has a trusted lender that he’s worked with for many years, who gets the job done.
For a no-cost evaluation of a reasonable asking price for your business, contact me confidentially on my cell at 954-573-4687.
Don’t miss this opportunity to capitalize on a rising market.