skip to content
blog home Business Transactions Three Questions to Ask Before Selling Your Business

Selling a business should never be done on a whim. If you think it’s time to sell your business, start working carefully through the possible implications of doing so.

Here are three questions to get you started:

1. Is my business ready to sell?

Preparing to sell a business takes work – sometimes, years of work. Before you put your business up for sale, make sure you can produce at least two years’ worth of tax returns that demonstrate maximum profitability. These documents will help you get the best price for your business and show that it can thrive while operating within the law.

2. Is this a good time to sell?

Selling while your business is at its peak might seem risky, but it’s a good entrepreneurial move – especially if you are ready to move on to a new challenge. Also, consider the market conditions for your industry: if businesses like yours are struggling, it may be wiser to wait.

3. Who do I need to help me sell the business?

The services of an accountant, appraiser, business broker, or experienced attorney can all help you make sure that you navigate the sales process efficiently without sacrificing value or thorough preparation. Buyers will take the time to examine your business before signing on the dotted line – so you should do so as well.

Contact us to ensuring that you are making the right decision and that you receive full and fair compensation for the value of the business you have worked so hard to build.

Related Articles:

By admin October 9, 2015

Franchising Guides

The Ultimate Guide to Franchising Your Business

New to franchising? Do you want to learn more about franchising your business, where to start, the steps, and how to know if you are doing it right?

Learn More

Is Your Business Franchisable and Should You Franchise?

Franchising may be the next big step for your business and represents an opportunity to grow your brand. So, how do you know if franchising is right for you? How do you know if your business is franchisable and, if it is, whether or not you should franchise your business? To answer these questions you must evaluate whether or not your business is franchisable and, if it is, whether or not your individual goals and your business goals align with franchising and establishing a franchise organization responsible for on-boarding, training, and supporting franchisees.

Learn More

Licensing Vs. Franchising

When considering expanding a business both franchising and licensing are possible options. Each option however comes with different rules and regulations. Prior to moving forward with franchising a business or licensing a business it is important to understand the differences and how each may have an affect on you.

Franchise Lawyer Charles N. Internicola wrote “Licensing versus Franchising” for the very purpose of allowing successful business owners to understand the difference between licensing a business and franchising a business.

Learn More

Guide to Selecting a Franchise Lawyer

If you have questions about franchise lawyers, what they do, how they can help, the cost, and how to select the right franchise lawyer for you, then this guide will help.

Franchise lawyers advise and represent individuals and businesses on legal issues that involve franchising a business, preparing an FDD, filing and renewing FDD registrations, buying a franchise, and litigation involving the franchisor and franchisee relationship. The role of a franchise lawyer varies depending on whether he or she represents the franchisor or the franchisee.

Learn More

Item 19 Financial Performance Representations

Check out our guide where we discuss how to plan and properly disclose Financial Performance Representations in your FDD.

Learn More

Franchise Sales Compliance Guide

Are you a franchisor or a part of a franchise sales team? Do you want to learn more about franchise sale compliance and ensure that your sales practices comply with franchise laws and are consistent with best practices? Then this guide is for you.

In this guide you’ll learn the fundamentals of franchise sales compliance including the franchise laws, regulations, and best practices that your team should have in place for every franchise sale.

Learn More
Close Overlay

Let’s Talk

With services to make your growth strategy simple, cost effective, and with a team excited to help you, let’s talk about how we can help grow your business.

Fill out the following form and we’ll contact you as soon as possible. To reach our team directly, give us a call at (800) 976-4904.