When you were young, you likely changed your mind about what you wanted to be when you grew up fairly often. However, the dream we started with at a young age, and the paths we have taken since are a part of our journey to becoming what we are today. In your case, that is a business owner.
The time may have come to sell your business, and that is not always an easy decision to come to. A business goes from concept to execution and much like a child, must be nurtured, cared for, reprimanded, changed, and, eventually, released. Whether you are hoping to retire, liquidate some money or embark on a new endeavor, selling is a decision we know you do not take lightly.
Selling a business is not as simple as listing, signing on the dotted line, and handing over the keys. No, much like growing your business, there is a definite journey that one must embark on when selling a business. This is why Transworld Business Advisors San Diego North hires and trains the best business brokers in the business – we want to be part of your journey.
Let’s take a look at what the 4-step seller’s journey looks like:
- Determine the value of your business.
When you’re selling the business you worked hard to build, it’s understandable that you want the best possible price. The hard work, effort, and investment you’ve made should correlate with the sale price. It’s also important to save the guesswork and second-guessing from a potentially interested buyer.
When you meet with your Transworld advisor, they will explain that before you can even determine how much your business is worth, you need to make sure your financial documents, tax forms, and balance sheets are in order, easy to read, and ready to be scrutinized. Once you have all of the business’s finances in order, your advisor will work with you to analyze your business and its place in today’s market. Sophisticated, time-proven valuation techniques will be applied to determine your best listing price.
- Show you how to secure the best buyer.
Naturally, you’ll want the best buyer for your business so that you can feel confident that it’s being left in the best possible hands. Getting your business in front of the right people is key. With the help of Transworld San Diego North, your business can reach the right buyers. Transworld has a network of pre-vetted, interested parties who are looking for a business like yours. Using Transworld’s vast network, your advisor will confidentially advertise your business. To protect you and your business, potential buyers are required to sign a confidentiality agreement before receiving any sensitive information concerning your sale.
- Help you navigate the deal.
Transworld advisors work diligently to ensure a simple and easy transition. Your San Diego advisor will oversee the entire deal on your behalf and work with the accountants, lawyers, banks, landlords, and other third parties as needed. We want to prevent anything that could put the sale of your business at risk. We make sure you are involved and aware of the next steps and address your concerns if any arise. And before you know it, it’s time to sign the final contract and hand over the keys.
- You get paid!
The moment your sale is signed off on, you get paid. The time, effort, and energy you have poured into the business will pay off. But your Transworld advisor is not done – we will be there after the closing should you need any support to complete a smooth transition to the new owner(s) – when you partner with Transworld Business Advisors San Diego North, you've got a friend in business.
Transworld Business Advisors San Diego North is ready to help you sell your San Diego business to the right buyer so you can exit your role as a business owner without delays. We treat your business like it’s our very own. Our business brokers can handhold, guide, instruct, or navigate the journey on your behalf. Whatever questions you may have, our knowledgeable team can provide the answers and ensure the process of selling your San Diego area business is seamless. Contact us today!