Working your way to the top of the construction industry is no easy feat. It takes years to earn respect, clientele, and expertise that sets you apart from the rest. Starting out your career with your own company might have…
Landscaping is often a labour of love. Rarely do you find someone in the business who isn’t passionate about all things outdoor spaces, whether it’s identifying hardscaping designs or certain plants used in a garden setting. It’s also an industry…
Being in the restaurant business is a rewarding experience. As an owner, you reap the rewards of a bustling spot with a great menu and atmosphere that holds many memories for friends and families. You understand the intricacies of the…
The time has finally come for you to part ways with your cleaning business. Perhaps you’re looking into retirement or starting a new venture somewhere else. No matter the reason, the thought has likely crossed your mind at some point…
A career as a business broker prepares you for negotiations regarding the sale of any company. However, business owners tend not to have this same skill set. When selling your business, you could be left uncertain, frustrated, or deadlocked about…
You’ve never been known as someone who has trouble making decisions. But here you are swinging like a pendulum when it comes to following through on selling your business. You’ve taken your business as far as you can. You have other ideas about what you’d like to do with the rest of your life while you still have the health to act on it.
So what are buyers looking for in a business? Whether it’s their first purchase of a business or their 10th, buyers are looking for an ongoing income. Not surprisingly then, they’ll be attracted by businesses with a proven track record of consistent financial performance with solid, growing revenue and earnings.
Most of the people who come to us to buy a business are first-time buyers. And likewise, most of the business owners who contact us about selling their business have never gone through the process before. Buying or selling, there’s a lot for them to absorb. And while we do our best to guide them each step of the way, the subject matter can be a bit daunting for those unused to the terms that come up as we help them get to their goal line.
The Process of Selling a Business