http://sellyourbusinessflorida.com/selling-your-business-9-tips/ In this presentation learn what buyers expect from a business they are looking to buy and how to make your business highly sellable.
Selling Your Business: Part 1 9 Tips to Having a Sellable Company
Selling Your Business:9 Tips to Having a Sellable CompanyKimberly Deas, Business Brokerkdeas@sellyourbusinessflorida.com904-571-9580
Tip 1: Reasonable Asking PriceCash flow needs to allow for: Reasonable salary to ownerAbility to pay the debt serviceReturn of a reasonable amount of down payment invested for an absentee owner (not important if buying a job)Plus a little left over as a buffer for future capital expenditures
Tip 2: Offer Sufficient Seller Financing20-50% may be needed to sell the business
Tip 3: Keep Accurate Books & RecordsRecords are reviewed in Due DiligenceReport your cash
Tip 4: Offer Absentee Owner PossibilitiesHave systems in place.Document your systems.Teach others how to do what you do. Tip 5: Show Stable or Growing RevenuesDeclining sales is an asset sale.
Tip 6: Have SDE of $75k or MoreSDE is a calculated number based on the profit of your business.
Buyer needs to be able to live on profits.
Tip 7: Be a Motivated SellerListen to the market
Tip 8: Be in a Desirable Industry Type
Tip 9: Be Well Located and Attractive
Not Sellable? Free Private Turnaround Consultation
Call Kimberly DeasSellYourBusinessFlorida.email@example.com