Is Now the Right Time to Sell Your Business?

Like many things in life, timing can be everything when it comes to selling your business.  Every day more and more baby-boomers are now reaching retirement age.  The marketplace is already showing signs of increasing inventory with the increasing amount of businesses coming to market as more and more business owners are looking to sell to retire.

According to a 2016 survey of Business Brokers, 54% plan to exit in the next ten years.  We may be on the verge of a massive wave of businesses hitting the market.  Getting out in front of that wave could be in your best interests. Now very well may be the time to sell.

Are You Suffering from Burnout?

If you’ve been running your business for many years, it is quite possible that you are suffering from burnout.  This issue is remarkably common with business owners and it is also very dangerous.  Owners suffering from burnout don’t invest as much of themselves and their creative energy into their businesses, and that has a range of implications.

Everything from losing customers to failing to keep up with the competition are all possibilities when an owner feels ready to throw in the towel.  The end result is that owners, through poor decisions and inaction (not making a decision), can inadvertently decrease the value of their businesses.  Combine this fact with the fact that a wave of businesses may soon be hitting the market and selling may start looking more and more attractive.

Jump into a Strong Economy

Further, today’s strong economy means that new and unexpected competitors may soon enter the picture.  It is difficult to predict how the marketplace may change in the coming years, but a strong economy means both more opportunities for existing businesses and the potential for greater competition.

Interest rates have remained at historic lows and SBA financing is better than ever which could definitely help you sell your business.  Working with an experienced Business Broker / M&A Business Advisor is the best way to make sure this process is handled correctly.  You may determine that now is the perfect time to sell your business.

Business Broker | Business Consulting | Business Brokerage | M&A Advisor | Southern California | Business Valuation | Selling Your Company | Buying a Business | Exit Strategy
 

Matt Coletta, CBB, CBI, is a Certified Business Broker and a Certified Business Intermediary with over 25 years of experience in successfully representing Business Sellers and Buyers in various industries. Matt is a Los Angeles Business Broker and represents Business Owners and Businesses for Sale throughout Southern California including: Los Angeles County, Orange County, Ventura County, West Los Angeles, City of Industry, Downtown Los Angele, Gardena, Whittier, San Gabriel, Upland, South Bay, Torrance, Newport Beach, Irvine, Brea, Anaheim, Long Beach, San Fernando Valley, Woodland Hills, Chatsworth, Sherman Oaks, North Hollywood, Northridge, Van Nuys, Burbank, Glendale, Pasadena, Sun Valley, Valencia, Santa Clarita, Palmdale, Ventura, Camarillo, Oxnard, Thousand Oaks, Simi Valley and other cities in the greater Southern California area.