The best time to sell anything is when there is high demand and low supply for what you have to sell. If you are a buyer looking for a business with more than $250,000 in cash flow, there are very slim pickings at the moment. It is expected that, as more businesses recover from the great financial meltdown and the baby boomers decide it is time to sell their businesses to get on with what is next, the supply will greatly increase.
There is still time in the month of December to clean up your financial statement in preparation to go to market in 2014. A business broker or intermediary can help you with suggestions on what you can do to greatly improve the value of your business, and now is the time to make the call. You can also learn how to structure the sale to cut the taxes that will be due by 30% to 50% in many cases.
Long-term financing is available so the sellers can get all cash on closing. Business sales and profits continue to improve, interest rates remain reasonable, the economy is improving, and the general outlook is favorable. These are all positive factors to have when you decide to go to market with your business. Timing is everything!
If you would like a confidential, no-obligation analysis and discussion of what you can be doing now to prepare for when you are ready to put your business on the market, please call (888-893-6661) or e-mail (bobd@dolansales.com). I serve customers nationwide. To learn more about my background and see customer recommendations, visit my LinkedIn profile at http://www.linkedin.com/in/dolansales or look around my website www.dolansales.com.
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