Just as enhancing the value of your company is an ongoing process, so is preparing your company for sale. As with any planning endeavor, the key is implementing strategies that will have the greatest impact. VERCOR professionals have a wealth of information available to assist you in preparing your company for maximum sale value. The following data will help you start the process:
Is there a perfect company – one that is 100% prepared and has no weak spots? Of course not – every company has deficiencies. In order to maximize your selling price, VERCOR helps prioritize the most important areas to address. For other factors that prepare your company for sale, click here.
Plan ahead carefully by cleaning up the balance sheet, settling any litigation, tackling any environmental problems, and by gathering in one place all pertinent corporate documents.
The trend is for sellers to assume they will retire after selling the business. Many buyers will pay more to have the seller stay aboard, thus helping to reduce their risk.
Unfortunately, buyers look at your business simply as an investment. Neither they nor their sources of capital (banks, investors, etc.) have any way to understand, appreciate, or value the blood, sweat and tears that you put into building it. Try not to take it personally.
Few sellers are experienced in business sales or valuation. All sellers are emotional when it comes to selling their “baby”. No seller is objective. Business sale advisors have a tool kit of options built from years of experience.
Selling a company is full time task. Running your business is a full time endeavor. Exiting your business is one of the most significant events in your life. Take advantage of all the resources available, and get help from a professional business sale advisor.