Do you know what your business is worth?
Far too often we find sellers who never take the time to do any preliminary work on their exit strategy and have little idea on the likely selling price of their business. They may have heard of a valuation method from their neighbour or received an estimated price from their accountant… and these are rarely accurate.
If you are considering selling your Sunshine Coast or Brisbane based business at any time in the next 5 years, you need to have an estimated selling price and a sales plan from an experienced business broker who knows what buyers are looking for and what they are willing to pay.
The potential selling price can vary greatly depending on a number of variables including the risk profile of a business, its history and its level of profit just to name a few. A valuation method that might apply for one industry will not be suitable for another.
Business owners who have decided to sell, but have not taken the time to plan in advance can find themselves in a less than ideal position.
At this point, they have two choices - sell the business now for less than what they should achieve, or go back into the business for an extended period at a time when they have mentally checked out and no longer want to keep going to work.
Start planning as early as possible otherwise it could be a very expensive mistake.
Contact us today about laying the right foundations for your sale.