There are 3 common reasons business owners look to sell their businesses:
2. To focus on another project and cash out
Of course there are several others, but these 3 are the most common.
So in this post, let's look at Retirement.
What does that mean to you?
For some, it is downsizing as much as possible and enjoying travel, family, and checking off those bucket list items.
For others, it my be to pass the business on to the next generation, trusted employees, or simply cash out the equity to roll into a more passive vehicle.
There are several moving parts to selling a business, but one of the most important is simply to know "why".
I did a whole video on "your why" and you can view it here on YouTube!
It is important for any business broker you choose to hire, to take the time to sincerely understand your "why".
If it is for retirement, this is very important as it does have a reflection on market acceptance from buyers (even if only perceived value).
In addition, your terms of sale may be different depending on the scope of the "type" of retirement you are seeking to achieve. Just having a target sales price alone, drastically misses the bullseye!
In summary, we at LoboBusinessSales.com welcome the opportunity to chat with you when you are looking to retire. We can craft and implement an exit strategy by harnessing the synergy of your professional team to achieve almost any predetermined goal.
Our focus markets serviced are quality and profitable businesses in the $500K to $25M arena (commonly referred to as Upper Main Street and Lower Middle Market).
For transfers in the Middle Market Arena ($25M +) we can provide you with a quality referral to assist you in the transition to retirement.
So if you are ready to take the weight off your shoulders, cash out your hard earned equity, and just ENJOY YOU.... let's talk.
Visit us at LoboBusinessSales.com and Book a Discovery Call with a Professional and Local Business Broker, right here in Tampa, Florida!