Is Now the Right Time to Sell a Business?
Change can be a great thing if you prepare for it. While recent times have certainly made us all re-evaluate our lives, work, and priorities, feeling inspired to make a move needn't be an unsettling prospect. Selling your business is no small feat, but with proper exit planning and some trustworthy guidance, it can simply be the next step along your entrepreneurial journey.
If you’re thinking about selling your company, you’re not alone.
According to a recent survey, two-thirds of wealthy business owners want to sell their businesses as a result of the pandemic. Citing wanting to spend more time with their families and uncertainty around taxes, there's a trend afoot that is leading entrepreneurs to change their minds about what they had planned for their futures. For those who have been successful, now is increasingly becoming the time to monetize their businesses and move on.
And the market is ripe for buying and selling businesses, despite the changing landscape in which we all operate in today’s unprecedented times. The evolving fallout from COVID-19 negatively impacted many industries, but even companies in beleaguered sectors still saw themselves successfully transitioning to new ownership with the help of a business broker.
According to a 2021 IBISWorld report relating to the U.S. business brokerage industry, businesses that were negatively affected by the pandemic were still successfully sold, and brokers played a critical role in securing the right buyers for their business sellers.
Whether you’re ready to sell today, need a little more time to groom your business for exit, or are even looking to buy another business to add to your portfolio, we are here. It all starts with a simple step: a free, confidential evaluation.
You needn’t have all your financials set, or a strong plan in place– that’s where a broker can come in and help you cut a path that suits you and the needs of your business.