Sell Your Business Quickly With Venture Business Brokers

Need Help Selling Your Business Quickly?

Let  Venture Business Brokers Show You How Quickly We Move

Selling a business typically takes between 6 and 12 months to complete from putting the business on the market to completing the sale. At Venture Business Brokers, we are regularly asked by a seller “how can I sell my business fast?” If you would like to achieve a quicker sale there are a number of steps you can take to give yourself a great chance of completing your sale within a matter of months.
We have put together three tips for setting up your business sale for a quick sale.
  

Price The Business Right, From The   Start.

1. Price Your Business Right

To achieve a prompt sale, it is essential that your business is priced in accordance with the market. Get the valuation wrong and your business might not sell. The market will always dictate the sale price of the business.
We offer a valuation tool that provides you with a guide price based on the Capitalized Approach Earnings, Discounted Future Earnings and Fair Market Valuation and historical data of previous selling prices.
Before you complete your Venture Business Brokers Valuation Analysis Program , you’ll have the chance to set your own asking price. Just be careful to avoid using your ‘friends, family or CPA’s bias’ if you do decide to increase your asking price significantly above the valuation.
After you’ve built your business from scratch it can be difficult to detach yourself and establish a fair market price. However, be aware that nothing slows the sale of a business more than an inflated asking price.
  
This area is fully editable and gives you the opportunity to go into more detail about your business, what you do and what sets you apart from the competition.

This area can be fully edited and gives you the opportunity to introduce yourself, your website or company, your products or services.
This area is 100% editable and you can use it to say whatever you wish to your website visitors. All the images are fully editable so you can add your own to customize each page.
  1. Preparing Key Documents Is Crucial For A  Quick Sale
    Preparing Key Documents Is Crucial For A Quick Sale
    Start the process off correctly with all the required documents.
  2. Have The Right Team Behind You Is Important
    Have The Right Team Behind You Is Important
    There is nothing more valuable then having the right team in your corner-Venture Business Brokers
  3. Present Your Business In It's Best Light
    Present Your Business In It's Best Light
    You only have one opportunity to make a great first impression-Do it right the first time.
2. Prepare your key documents and financials in advance
Potential buyers will always need to see your key documents before they enter into any form of agreement to purchase your business.
To avoid slowing down the process and putting off buyers when you’ve put your business on the market, always have your key documents and financials prepared in advance.
Instruct your accountant as soon as you’ve decided to sell to help get your financial documents and statements prepared.
Buyers will want to see the following when you enter due diligence:
  • 3 years of accounts including profit & loss and balance sheets
  • Tax returns
  • Inventory lists
  • Leases
  • Supplier & customer contracts
Additionally, it is good practice when you have prepared these documents to identify any weaknesses in advance and be prepared to answer buyer questions when they come up. 
We will get into details on upcoming pages.  
  
3. Present your business in its best light
Just like selling a house, you’ll achieve a quicker sale if you spend time working on presenting your business in its best light to potential buyers.
Below we’ve included our tips for presenting your business in its best light:
Take time to take your photos of your business. Especially important if you are a retail business. Buyers will want to see how your business looks before arranging any viewings or taking their interest to the next level. Take a look at an excellent article that Vivian Wagner, contributor of American Express Open Forum wrote on 10 Tips To Get Excellent Business Photos
Cut out your operating non-essential costs. Consider cutting non-essential expenditure, reduce debts and offload excess stock.
Make a good first impression. If your business has a physical location, will your buyer see order or chaos when they view your business? A professional presentation will leave a good impression and built trust with the buyer.
Put yourself in your buyer’s shoes. Ask what would I want to see if I was looking to buy this business?