Do you want to sell your business quickly? What are the factors that affect the length of time it takes to sell a business? Read this blog post and discover how an expert can help you find a buyer for your business.
The most important factor in determining how long it will take to complete a sale is the state of the economy. If there’s no economic uncertainty, then buyers are more willing and able to buy businesses because they know they can make money on them.
In other words, when times are good, everything moves faster. Additionally, if you’re marketing yourself properly and being clear about what assets come with your company (i.e., equipment), finding a buyer could be easier than expected.
However, if you are in a situation where your business needs to be sold quickly, there is one person who can help make it happen: an expert business broker.
A business broker acts as the liaison between buyer and seller during negotiations for the sale of a company. They give potential buyers all the information that they need about what this particular company has to offer them, how much value it could bring their portfolio or otherwise add on to their existing assets.
With so many brokers out there vying for clients’ attention these days, finding someone reliable may seem like an insurmountable task at first glance – but with careful consideration of what’s most important when selecting such professionals (and knowing just in time that those values might not always align), making a choice becomes infinitely easier!
Knowledge is Key
The process of selling a successful and profitable business goes much more smoothly for an entrepreneur when they have the knowledge, skillset and expertise to successfully navigate through all of these necessary steps.
The key is knowing that you can sell your company quickly if it needs to happen because there are many different steps involved in this process such as determining a sound valuation or developing marketing strategy with an understanding who will be interested in purchasing from them before negotiations even begin.
Enter the Business Broker
The owner of a multi-location behavioural health practice was in this position due to personal health issues. The prospective buyer, who had been approached by the nationally recognised company went dark and left their deal suddenly during negotiations.
The owner of this company needed to find an expert broker who could not only help them sell the business quickly, but provide guidance through every step. Luckily enough for him he found a great option in Marc Phillips. The Marc’s proven and sophisticated process helped establish its value as well as market it to qualified buyers all over the place – which they did with success!
However, one part that was crucial involved re-engaging their previous interested buyer and helping them understand how valuable this business is by showing future opportunities.
Avoiding that anxiety, Marc Phillips created a marketing strategy to re-ignite the buyer’s interest. The deal quickly closed and gave the seller peace of mind during their transition period in order for them to prioritise their own health as well as that of their family members.
When you are looking to sell your business, it is critical that you have an expert on your side. A business broker will help find the right buyer for your company and negotiate a great deal for both parties involved in the sale.
Professional Toowoomba based broker Marc Phillips has been buying and selling businesses for over 15 years and can offer his expertise today to make sure that this process goes smoothly from start to finish. Are you ready to take advantage of his decades of experience? Contact him today!
Need to Sell Your Business Quickly? The Critical Role of an Expert Business Broker
Sydney born, having spent six years serving the community as a New South Wales Police Officer before deciding to relocate to the UK where he pursued his passion for sales, the financial markets and the real estate industry.
15 years as a licensed agent, ten of those years in fast-paced markets of the USA and the UK, Marc is an expert in business brokerage.
Business owners are invited to consider Marc when seeking a business to buy or sell in Queensland with local knowledge in the South East Queensland market including Brisbane, Gold Coast, the Sunshine Coast and the Darling Downs.
Local knowledge and surgical negotiation skills mean a keen eye on every detail. Marc has a profound knowledge of legal frameworks in all aspects of business acquisition and sales process.