When is the Best Time of Year to Sell a Business?

If you are selling a business, timing is extremely important. But when is the best time of year to sell a business? It depends. Remember, selling a business is a process, and different times of the year can better lend themselves to supporting different phases of the selling process. But sometimes, the calendar can prove to be ultimately irrelevant. Let …

Family Business Succession Planning: Are You Ready?

The most recent PwC U.S. Family Business Survey concludes that lack of family business succession planning is a substantial problem for many U.S. family businesses. The study points out that while nearly 70% of family business owners expected ownership to continue to the next generation, only 23% had a robust, documented business succession plan. This is no small issue. Without …

Business Brokers: 3 Reasons You Need Professional Representation

Regardless of your business’s industry, location, or size, the process of selling a business is fairly consistent. The factor that will actually have the biggest impact on your journey through the sales process is choosing to work with professional business brokers, rather than navigating the sales process yourself. Yes, it is possible to sell your business on your own; but …

How to Sell a Plumbing Business for Top Dollar

How to sell a plumbing business does not have to be overly complicated, even in today’s economic climate. Buyers are still actively looking for acquisition opportunities, especially in the service industry. Attractive features like expansion opportunities and high dollar jobs make plumbing one of the most sought after sectors within the service realm. There are currently over 120,000 plumbing businesses …

Selling a Manufacturing Business: 5 Things to Consider

If you are considering selling a manufacturing business, there are a few important points to consider. Some considerations are common to selling any type of business, and others are specific to selling a manufacturing business (particularly in today’s economic climate). The manufacturing industry had just started gaining momentum before the COVID-19 pandemic struck, and while manufacturers are beginning to regain …

How Long Does a Business Valuation Take?

Knowing your business’s market value is important information for any business owner, whether you plan to sell your business, are doing estate planning with your financial advisor, or are interested in obtaining a loan. While determining the value of your company is important, like most busy owners, you are probably also wondering, how long does a business valuation take? On …

7 Steps to Selling a Business

The timeline and details involved in selling a business can vary widely depending on the company’s size, location, and industry; but, the overall steps to selling a business are fairly consistent across the board. We recommend using a professional advisor to help you get top dollar. Below, we outline the 7 steps to selling a business which are typical whether …

How to Sell a Business: Broker vs. DIY (“Do It Yourself”)

The timeline and details of how to sell a business can vary quite a bit depending on your business’s industry, location, and size — but the process of how to sell a business is fairly consistent. The biggest impact on the sales process is your choice between involving a business broker or navigating the sale yourself. Here, we will outline …