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Selling a business in the real world is difficult and risky. Your need for confidentiality.... limited comparables.... opportunistic competitors.... time pressure.... unmotivated lookers.... unqualified buyers.... all impact the "efficiency" of your selling market. In spite of the problems there really are qualified, capable buyers just as anxious to own as you were when you started. Be careful not to let exiting ownership harm the value of your business.
Buyers question value. A comprehensive profile including quality financials and information on your industry, product, market share, personnel and competition is critical in presenting a credible marketing position for full value. Target marketing to strategic as well as financial buyers broadens the base of buyers for your company. A synergistic fit between the buyer's resources, experience and skills and an existing operation maximizes value for all parties in the transaction. When you consider selling, your concerns may include: confidentiality, generating maximum value, retention of key employees, and continued servicing of customers. Purcell Associates LLC broadens your buyer pool targeting industry buyers and financial buyers. Finding the buyer whose plans and resources are the best fit with the existing operation maximize value. Targeting industry and financial buyers (signed Non-Disclosures required) while screening unqualified prospects allows Purcell Associates to maximize your potential "pool of buyers" without compromising your need for confidentiality. The average selling time of a business is 10 to 11 months. Factors that directly impact the time frame are price and terms. Larger companies may take 18 months or more to sell. Nothing is average. |
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