When is the best time to sell my business?
The best time to sell is when a business is doing well. It's best not to wait until after a business has peaked; the selling price can suffer. However, almost any business can be sold, even if it is not doing well, if the sale is handled professionally and priced correctly.
How much is my business worth?
A company's value depends on many factors such as cash flow, asset values, financial history, condition of equipment and premises, favorable lease terms, competition, location, and the economy. By analyzing your business and comparable sales in your industry, your VR Intermediary can advise you on the proper pricing strategy for your business. For larger businesses we recommend a third party valuation. Buyers are much more likely to pay top dollar for a business when documented evidence supports the asking price. Most financial institutions insist on a business valuation before they will consider financing.
Why not sell the business myself?
Most owners find that the frustration, expense and time involved do not yield cost savings and many end up working with unqualified buyers. In fact, because they do not have access to a large number of qualified buyers, many owners end up selling their business for much less than they could have received by working with a well-established Intermediary. Plus, owners find it difficult to work directly with buyers while maintaining confidentiality. Selling a business is a specialized trade. Seek professional assistance when it comes to selling an asset as valuable as your business.
Why use a full-time professional Intermediary?
Sellers benefit in various ways. The more significant benefits include: the ability to spend their time managing their business during the selling process, thereby keeping their net profit up and maintaining the maximum sales price; the ability to maintain confidentiality about the sale therefore not alarming client bases, employees and suppliers, or giving a market advantage to a competitor; and step-by-step assistance through the selling process.
How to choose the right Intermediary?
Who you choose to sell your business could affect the way you live the rest of your life. Select a trained professional who specializes in the sales of businesses only. Some questions you should ask prior to making a decision are :
Why should I use VR to sell my business?
The VR network has developed a proven system for selling businesses and has been operating since 1979. The VR network is also the only international network of full-time professional business intermediaries catering to the needs of their clients. When working with VR you receive the following and much more: