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When is the best time to sell my business?
The best time to sell is when a business is doing well. It's best not to wait until after a business has peaked; the selling price can suffer. However, almost any business can be sold, even if
it is not doing well, if the sale is handled professionally and priced correctly.
How much is my business worth?
A company's value depends on many factors- such as cash flow, asset values, financial history, condition of equipment and premises, favorable lease terms, competition, location, and the
economy. By analyzing your business and comparable sales in your industry, your VR Intermediary can advise you on the proper pricing strategy for your business. For larger businesses
we recommend a third
party valuation. Buyers are much more likely to pay top dollar for a business when documented evidence supports the asking price. Most financial institutions insist on a business valuation
before they will
consider financing.
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Why not sell the business myself?
Most owners find that the frustration, expense and time involved do not yield cost savings and many end up working with unqualified buyers. In fact, because they do not have access to a large
number of qualified buyers, many owners end up selling their business for much less than they could have received by working with a well-established Intermediary. Plus, owners find it difficult
to work directly with buyers while maintaining confidentiality. Selling a business is a specialized trade. Seek professional assistance when it comes to selling an asset as valuable as your business.
Can I sell my business without my employees or competitors finding out?
At VR, we pride ourselves in maintaining strict confidentiality. At no time will the owner’s name, the company’s name, or the company’s location be given out over the phone.
All buyers are required to sign a confidentiality agreement and all marketing material presented is anonymous.
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