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Expert Guidance to Sell A Business.
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Want to sell a business but not sure where to start? Are you ready to sell a business and want guidance from a trusted advisor? Exit Brokers helps business owners in Denver and Colorado sell businesses.
This is because it is difficult to sell a business. To sell a business, a specific process needs to be followed. You can’t sell a business with a “For Sale” sign in the window or yard. You need a process that guarantees the potential sale is shared only with qualified buyers under non-disclosure agreements. If not, unexpected collateral damage can be created if the public becomes aware of the sale of a business.
Employees could quit, customers could start shopping elsewhere, and suppliers may change payment terms. Most owners do not know the business sale process or have the time to facilitate it. Because of this, no owner should sell their business without expert guidance from a business broker.
Owners Rarely Plan For Selling The Business
Most owners do not build their business with a business sale in mind. They are often too busy working in the business to spend time working on the businesses. The business is likely the biggest asset on the owner’s balance sheet. It may represent 50% or more of an owner’s total net worth. Even so, many owners spend more time planning a vacation than they do planning the sale of a business. A business owner can drastically increase the odds of selling a business by preparing the business for sale. Certain characteristics are more important to buyers than others. Because each business is different, it takes custom solutions and recommendations to best prepare a business for sale. If you’d like to learn more, we recommend taking a look at our How to Sell a Business and Maximize Your Business Sale Price Guides.
See What People Are Saying About Exit Brokers.
Looking for a Denver business broker? We can help. We help owners sell businesses and buyers buy businesses in Denver and all over the state of Colorado.
What is a business broker? A business broker is an advisor who helps business owners find buyers for their businesses. A great business broker takes the time to understand the business sale goals. They then work with the owner to develop a strategy to achieve those goals through the sale of the business.
Maximum sales price may not always the top priority for the seller of a business. Sometimes it is more important to find a buyer who will carry on the legacy of the business. Or it may be more important to find a buyer who promises to keep the current staff after the purchase. Every owner’s motivation is different. A great business broker works to achieve the highest price possible while addressing the owner’s most important goals.
Exit Brokers Are Business Brokers You Can Trust
A business owner puts a tremendous amount of trust in the business broker and firm they hire. A business broker needs to take specific steps to ensure knowledge of the sale is known by qualified buyers. It is also crucial that a business broker properly prepare for the sale of the business. The best way to secure a buyer is to complete pre-sale due diligence on the business. A great business broker takes time to identify issues with a business before taking it to market. If the broker can identify issues, strategies can be created to address the issue head-on. Disclosing issues upfront often prevents those issues from killing a deal later on. Put your trust in Exit Brokers and their confident business sale process…
Are you considering buying a business in Colorado, but don’t know where to start? We encourage you read the Exit Brokers How to Buy a Business Guide. Buying a business takes determination and patience. There are a lot of folks out there looking to buy a business. Unfortunately, there is a limited number of quality businesses available. Most quality businesses do not stay on the market for very long. A prepared buyer is more likely to successfully purchase a business.
We recommend starting off on a very high-level by identifying the type of business you are looking for. This is broken down into key business attributes such as location, type, size, and fit. We also highly recommend performing an industry search using one of the online databases.
The business listings sites like bizbuysell.com and bizquest.com will help with your initial searches. A better approach is to actively reach out to business owners with businesses that fit your search criteria. Lastly, to get a deal closed, we suggest making an offer that sticks. A well-written offer drastically increases the chances of getting your deal across the finish line. Learn more about Exit Broker’s Buyer Process and it Colorado Businesses for Sale.
Need to create an exit plan Exit Plan or guidance with your exit planning for your Denver or Colorado business? Exit Brokers can help.
When correctly planned out, a business exit plan should take 3 to 4 years. This time frame allows for the 4 steps of the business exit planning process. Those 4 steps are: data collection, valuation and analysis, plan development, and plan implementation.
This process helps a business owner identify the best exit strategy for the situation. It also helps the business owner identify the key stakeholders involved that many owners overlook when exiting the business. Most important, an owner is able to identify the most important exit goals and objectives.
Exit planning has many benefits and a significant return on investment. The most obvious benefit is financial. One of the steps involves creating both a business exit plan and a personal financial plan. By tying these two plans together, an owner discovers the needed sales price to achieve retirement and post-sale goals. An owner also creates an estate plan which increases family harmony and helps minimize estate taxes. Lastly, pre-sale tax planning helps owners identify and implement strategies to drastically reduce taxes from the business sale. Let Exit Brokers help you build your business exit plan…
Need a business valuation for your Colorado business? Looking to learn how much your business is worth? This is usually the first question we get from an owner considering a business sale. Unfortunately, we can’t simply go to realtor.com to look at recently sold comparable properties to get your business valuation. Owners of private businesses keep their business sale information private. Additionally, there are literally thousands of different types of businesses. Each business belongs to a specific industry and provides different products. Each business has a unique set of employees with differing roles and importance to the business. Getting a business valuation requires an outside party to analyze the business and its financials.
Despite limited information on private business sales, there is a process for determining business value. Exit Brokers calculate business value using the 3 simple steps. First, calculate the adjusted business cash flow (also known as SDE). Second, you multiply the SDE by the correct valuation multiple. Lastly, add the market value of any hard assets such as equipment and inventory. It is typically best to use a range for the business valuation. This range provides some room for error based on the subjective aspects of a business. To learn more, refer to our How a Small Business is Valued Guide.
We'd Love To Hear From You
If you’d like learn how Exit Brokers can help you sell a business, hire a business broker, obtain a business valuation, build an exit plan or buy a business, we’d love to hear from you. Feel free to send us a message or call us at (720) 598-8198