Is it Time to Sell Your Business?

Is it time to sell your business? Deciding whether or not it’s time to sell a business is a much-debated topic. With so much up in the air and many different factors involved, it’s difficult to determine if the time is right to sell or not.

The main question is, “How can you sell your business at the top of the market?” Unfortunately, by the time you sell your business, it’s often already at or slightly below market value. So do you sell your business now or hold out until the economy and markets turn around? The answer to this question depends on several factors: your business, your industry, and the economy and markets.

Is It Time to Sell Your Business? What Is the State of Your Company?

What kind of position is your business in, and where is it heading? The answers to these questions might be the best indicators if now is the right time to sell.

For example, if there are other companies like yours about to go bankrupt or sell cheaply, do yourself a favor and sell now. Maybe you can sell at a slightly better price, sell the business faster, sell off assets to decrease your taxes, or sell it before markets go even lower.

You also need to look at your company and determine whether or not it is financially strong enough for you to sell now. If the answer is no, then you will need to sell at a time when you can get the best price possible. If you’re not ready to sell right now, learn how to strengthen your company financially. Determine what it’s going to take for you to sell next year or two years from now.

A commercial real estate broker can advise you on whether or not the time is right.

Is Your Industry Struggling?

Selling in a struggling market will give you the highest possible price for your business because if they are doing well, so will you regardless of whether or not you sell your business in a struggling market.

As for industry trends, sell your business when the economy is good, and sell later if the economy is bad. More employees will equal a better chance at selling your business for a higher price during a struggling market.

Are You Getting the Right Value for Your Business?

If you’re leaning toward selling, will you be paid for the actual value of your business? If you’re being paid enough for the value of your business, sell your business when the market is hot. If you’re not, sell your business during a struggling market.

A business valuation from an experienced professional will give you an idea of where your business stands.

Is It Time to Sell Your Business? Call Murphy Business Sales

Murphy Business Sales has helped numerous companies on the Emerald Coast sell their businesses. Our team is equipped to analyze your situation and help you make the best possible decision. Contact us today at (850) 374-8884.