Selling a Business Advice
Selling an Ice Crushers Business
Many business leaders say that now isn't the time to try to sell an ice crushers business. At Gaebler, we think it's a great time to sell an ice crushers business. Here's why . . ..
It's a fact: Successful business sales take time.
The business-for-sale market is extremely dynamic. So if you're waiting for the perfect market conditions to sell your ice crushers business, you could be waiting a while. If your business is ready to be sold, the time to sell is now. To improve sale outcomes, you will simply need to tailor your ice crushers business to today's buyers.
After the Sale
Due diligence has ended and you're ready to close on the sale of your ice crushers business. All that stands between you and the sale proceeds is a few signatures, right? Not so fast. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
Business Valuation
Multiple valuation methods exist for an ice crushers business. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. As a safeguard, consider conducting appraisals using variations of multiple appraisal methods. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
Average Preparation Time
Preparing an ice crushers business sale takes time. Buyers want to see growth trends, healthy profits and other variables that increase the likelihood of long-term success. Next, the business will need to be documented in professional financial statements and manuals that facilitate the ownership transition. At a minimum, plan on spending six months preparing your ice crushers business for the marketplace. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.
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