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Selling is the most popular exit strategy for business owners. In some cases, there are no descendants who want to continue the activity; in other cases, it has always been the plan of the owner to convert the business into liquid assets, at some point.

Whatever the reason, you must first prepare your business for sale by consulting with a Colorado business broker.

Calculating business value is a process and set of procedures used by financial market participants to determine the price they expect to pay / receive. Besides estimating the business sale price, the same valuation tools are used often, by the appraiser, for resolving various property and tax disputes, allocating the purchase price of the business to business assets,

A business broker is a professional who can organize and streamline the process of intermediating a business: selling – buying a business, building a business partnership, selling technology or know-how, selling – buying franchises, making contracts that followed by concluding transactions between two business partners etc., to the advantage of its client.

It is very important to choose a broker with experience in business sales in your field,

Whether you are doing business for pleasure or you are only interested in a quick profit, when you decide to sell your business, you need to consider a few things. Beware, negotiations can span many months, so be patient and follow the tips below!

Put your business in order! The most important thing to take into account before considering a sale is the operation of your business at optimal parameters.

If you’re contemplating a Denver business acquisition, you may be reluctant to trust the seller and concerned about the inherent risks. Or perhaps you’re excited about the investment, and how you might use it to change the world—or at least your own life. Many people planning to buy a business vacillate between these two extremes.

(Used with permission of the author, C. Peter Smith)
 
 

PREPARE YOURSELF
 

Have a personal financial plan prepared that projects your financial future after business is sold.  Qualified financial planners can assist in projecting retirement needs, college education expenses, life insurance requirements, etc.  In order to project a realistic personal financial plan,

The thought of running your own business can be exciting, and a little scary. One way to transition to entrepreneurship without all the upfront labor is to purchase an existing company. There are lots of costs, of course, but you don’t have to come up with an idea and grow it on your own. You can invest in something that’s already succeeding,

COVID may not be behind us, but companies are certainly ready for it to be. We’re seeing a steady increase in Denver business acquisitions, and we expect that trend to continue. If you’re contemplating purchasing a company, it’s more important than ever to understand exactly what you’re getting into—and what shortcomings your deal partner has,

You can’t buy a business without a full understanding of what you’re purchasing. And that means you can’t blindly take the owner’s word for much of anything. The process of investigating the business, verifying owner claims, and learning about any liabilities is called due diligence. It can be one of the most involved aspects of purchasing a business,

Selling your small business for a high price usually requires years of persistence. Even with a lot of work, though, finding the right buyer can be challenging—especially if you’re not in a hot niche. Business brokers are like match makers for your business, taking the work out of the process to connect you with highly qualified buyers who see your company’s true value.