Is Your Company Ready to be Sold?
- The best time to sell your business is when it is doing well. It is profitable, with a sold balance sheet and has a growing customer base.
- You have up-to-date financial records, preferably reviewed or audited statements by a certified accounting professional.
- There is a compelling reason for the sale such as retirement, illness or death or partnership disputes. Sometimes an owner feels overworked and wants to spend more time with family/kids. Perhaps, you have plateaued and do not feel you have the resources or skills to take the business to the next level – such as external geographic markets.
- Your process and technology are still competitive and relevant for the foreseeable future.
- You have a solid management and staff team that can effectively continue to run the organization.
