My business is seeing great success; why would I sell it now? There are actually a lot of benefits to selling your business when it is seeing large-scale success. Selling a company at its peak is the most financially rewarding and the easiest time to sell your business.
You have spent years of hard work building your company and making it successful. Now, after all of that dedicated work, why would you sell your company? There are multiple reasons to sell a profitable business. Many of these reasons are listed below.
There are also many reasons not to sell a profitable business. If you love what you are doing and do not want to part with your company, you should not sell your business. Owning a business long-term has its benefits as well. We do not want to see you part with a company that brings you so much joy.
If you are okay with the idea of selling your growing business, you should consider selling it as soon as it starts seeing success. A successful business is easier to sell, it is more profitable, and it is a very lucrative way to finance your next business. Learn more about why you should sell your successful business below.
The first reason business owners sell their successful business is because it is more profitable. Selling a successful business will result in you getting top dollar for your company. A business that is seeing growth financially and growth in size and reach typically sell for a higher price than many businesses that are going through financial hardships and are forced to sell.
A growing business not only has evidence of its existing profitability but there is also an unknown element. What is the future business’s profitability? How much more can this business make in the future? This interests buyers to purchase your profitable business for its listed sale price. Your listing price is most likely the top dollar amount you can list your business for.
Listing a profitable business that sees huge success is the same as listing a brand new car against a wide variety of used cars. Your business is one of the best businesses listed for sale; the others cannot compete. This could lead to buyers competing to purchase your successful company. While not every successful business will sell fast, the timeline to sell a business is much more predictable when the business is successful.
Because your business is profitable, finding a buyer for your successful business will be much easier. Finding a buyer for a failing company is difficult because no one wants to buy a failing business. Successful businesses draw buyers to your business like moths to a flame. Find a buyer for your successful business through Synergy Business Brokers.
Many business owners do not want to think about their business failing, but unfortunately, this can happen and often does. If your successful business fails or sees an ongoing decline in sales, the value of your business will decline greatly. Not only will you make less profit from selling a failing business, but you will have a tough time selling your business.
The worst-case scenario is that you cannot sell your failing business and have to close your company. Trying to sell a closed business is extremely difficult. At that point, it might even be better to liquidate your business. Selling a failing business or liquidating it will only bring in a fraction of the price.
Many business owners have an investor mindset and enjoy financial ventures. The entrepreneur mindset will help you be financially successful in selling your business and starting another. The cash flow from your sale of a business and starting a new business will make the venture profitable as well as a future investment.
Your next venture might not be in business; it can be in spending time with your family and friends through retirement. Whatever your motivation is, selling a successful business is a lot more fun (and profitable) than selling one that is on the way down.
Selling a successful business can lead to a successful retirement. Getting a business valuation can help you determine how much profit you will receive when you sell your business. Have your accountant take note of the taxes on the sale of your successful company. This will help you to calculate how much money you need for retirement and financially plan your future.
Learn more about Synergy Business Brokers and how we can help sell your business. Our focus is on selling successful companies with annual revenue of $700,000 to $70 Million+ in technology, the healthcare industry, wholesale/distribution, manufacturing, services, construction businesses, transportation, and more.
We sell companies in NY, CT, NJ, MA, PA, MD, VA, DC, TX, NH, LA, OH, and throughout the US. For a confidential consultation, please contact us at (888) 750-5950 or info@synergybb.com. Or you can fill out our seller registration form at Seller Registration.
