Whether you are looking to take a break, invest in a new project, or retire, you must have wondered, ‘How can I sell my business fast’?
The sales process can be a complex yet rewarding journey, and you are right to worry about how fast you can complete it. You don't have to worry anymore.
We'll share proven strategies to sell your business sooner while maximizing its value.
Here's what you can do to sell your business fast:
Before we discuss these strategies in detail, we recognize that timeline isn't the only concern when selling your business. You'll want to sell at the best price possible, and we can help you achieve that.
At Exitwise, we help you recruit and manage the best M&A experts to help sell your business quickly at the highest purchase price possible.
We'll help you find the necessary M&A attorneys, accountants, wealth advisors, and investment bankers to actualize your sale. Schedule a conversation with our team today!
The time it takes to sell a business typically ranges between one month and a year, but it can be longer in some cases.
Some key factors that influence the sale timeline include your preparedness, business reputation, type of buyer, financial health, and the type of business.
Let's look at the sale process to see why you should expect a one-month to one-year timeline.
Businesses are usually advised to have a steady and unhurried sale process. However, some instances may warrant a swift sale.
Here are some such signs:
Ironically, one of the best times to consider selling your business fast is when everything is going right.
It’s when your business is most attractive to buyers, and you can maximize your exit.
You can sell your business fast when you identify a strategic buyer who will expand your market share, give you access to new technologies, reduce the cost of production, and increase your financial return.
Buyers will pay more for your company when the market is strong and the economic and industry trends are favorable. Under these conditions, you can quickly sell your business and ensure you don’t miss the opportunity.
If you’re looking for a speedy business sale but don’t know where to start and how to proceed, leave it to the experts.
Our team at Exitwise can help you find and hire a team of trusted M&A professionals to guide you through selling your business and protecting your legacy.
To understand how to sell a business quickly, it's important to first understand the entire process.
Here's what the sell-side M&A process looks like:
Note: Contrary to popular belief, the process doesn't end after the sale. You may have to help the buyer during the transition and integration period.
While a quick exit may sound tempting, it comes with certain M&A risks. Here are the common ones:
Professional guidance enables you to quickly minimize the time and risks associated with selling your business. We have a database of experienced experts — M&A attorneys, advisors, and appraisers — to give you a quick and profitable exit.
Consult us today to hire the best M&A experts to sell quickly and smartly.
Selling a business can be lengthy and draining, but a faster exit can bring peace of mind.
You can use the following strategies to expedite the process:
You've probably come across the saying that you should always envision your business exit as soon as you start.
While this may sound counterintuitive, it's actually a valuable strategy because it keeps you on your toes, allowing you to always look for ways to maximize business value.
Starting your exit strategy early can help in ways such as:
Marketing your business doesn't have to be a chore.
Here's how you can market faster and more effectively:
Knowing how much your business is worth can help you sell faster because you can set a fair price and attract serious potential buyers sooner.
If you overestimate how much you can sell your business for and overprice it, you risk discouraging prospective buyers. Finding a ready buyer would take longer.
The secret is to balance your business’s value, how much it can sell for, and your proposed sale price.
Good timing for the sale can lead to a faster sale and higher price. The best time to sell is typically when the general or industry market conditions are favorable, and your business is thriving.
You'll want to understand your business thoroughly and keep your ear on the ground for ideal market or industry trends.
You can sell your business faster if you use the right professionals. They can speed up aspects such as business valuation, finding buyers, negotiating the sale price, and closing the sale.
Take your time to hire experts like business brokers, M&A attorneys, tax accountants, wealth advisors, and business appraisers to help you market the business and find qualified buyers.
Hiring and managing these professionals can be overwhelming, but you don't have to do it alone when you have a reliable partner like Exitwise.
A significant risk in a quick sale is not having a clear picture of a business's value, leading to undervaluation.
So, here’s what you should do to value your business correctly and negotiate a better sales deal:
When you consult with us at Exitwise, we'll connect you with the best M&A professionals in your industry to help you sell fast and for the highest possible take-home amount.
We follow a proven three-step process:
Consult with us today to speed up and maximize your exit.
Making mistakes is understandable, but you don't have to make them in the first place if you recognize them.
Here are a few you might want to steer clear of:
Here are answers to some common questions about selling a business fast:
Accepting an unsolicited buy offer is one of the quickest ways to sell a business. These usually come from competitors.
The catch is that you must take your time to understand their motive because they may be looking to buy your business and shut it down to eliminate you as a competitor.
Selling a small business may be hard. The process is lengthy, complex, and draining. Selling can get even more challenging if you are indispensable as the founder, owner, or owner-operator.
However, you don't have to struggle with the sale if you hire and manage experienced industry-specific M&A experts with the help of Exitwise.
You can value your business quickly using rule of thumb methods and online valuation calculators.
However, you'll want to seek professional assistance for a more comprehensive valuation, even if it takes a bit longer.
Yes, it’s possible to sell your business quickly without a formal valuation, especially if it is small and you’re selling to someone you know.
However, it might lead to undervaluation or overvaluation, which can either deter serious buyers or prolong the sale process.
Here are some of the businesses that sell quickly:
Not always.
Selling your business quickly doesn’t mean you should sell it cheap. You can get the maximum value if you’ve prepared your financial documents and conducted a valuation.
Now you have a reliable answer to the question, ‘How can I sell my business fast?’
We've examined different strategies, including starting exit planning as early as the day you start your business and hiring the right experts to help you.
You can work with us at Exitwise to hire the best experts to help you sell sooner. Here's how we help our clients sell better.
Let Exitwise introduce, hire and manage the best, industry specialized, investment bankers, M&A attorneys, tax accountants and other M&A advisors to help you maximize the sale of your business.
