What To Know Before Selling Your Business

If you are into selling your business, you need to know about a couple of things. In fact, every business owner who is looking to sell their business should consider these things. Learn More Here

 

 

Before selling your business, it is necessary to contemplate the following:

 

Valuation: You should have a realistic idea of what your business is worth. This may involve procuring a valuation from a professional appraiser or consulting with an experienced business broker.

 

Legal considerations: There may be legal issues, such as contracts and agreements with employees, Suppliers, and customers. You should consult with a lawyer to ensure that you are in compliance with all legal requirements.

 

Financial records: It is important to have accurate and up-to-date financial records, as potential buyers will likely want to review them. This includes profit and loss statements, balance sheets, and tax returns.

 

Marketing: You should have a plan for marketing your business to prospective buyers. This may involve creating a marketing plan, preparing a business overview, and working with a business broker or other professional.

 

Negotiating the sale: You will need to negotiate the terms of the sale with the buyer, including the price, payment terms, and any contingencies. It is important to be prepared for this process and have a clear idea of what you are willing to accept.

 

Overall, it is important to be thorough and well-prepared when selling your business. This will help you get the best possible price, and the transaction will go smoothly. See More Here How Do I Know My Business’s Worth?

 

Sigma Mergers & Acquisitions

16775 Addison Rd Suite 475, Addison, TX 75001, United States

+12142149400

https://www.sigmamergers.com/

 

 

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Scot Cockroft Business Broker
Hi, I’m Scot Cockroft.

When I founded Sigma Mergers and Acquisitions back in 2003, I had sold my business the year prior.

Now, that can sound good, but let me tell you, back in 2003, it was not easy to sell a business. Not that I’m saying in modern day times it’s easy to sell a business, but back then I interviewed broker after broker after broker, and no one was interested in actually seeing the value that my business brought to the table.

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Sigma is a the leading business broker in with Corporate offices in Dallas/Fort Worth with roots from 1984. Over 600 businesses sold in Dallas, Fort Worth, Texas, Oklahoma and across the South. Sigma provides full business brokerage services with NO upfront fees. We provide Market approach business valuations for business sales. Sigma is passionate about helping business owners achieve their goal of financial security. Contact us today for a free no obligation business valuation. We are here to help you achieve your goals.

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