Knowing whether your business is ready for sale can be a difficult process but with the guidance of an experienced business broker, the business sales process can be dealt with ease and success to ensure that you achieve maximum value.
Few business owners decide to sell “on the spur of the moment” unless unforeseen circumstances create an urgency to sell. You may be wondering what to do next and what processes are involved in a successful and smooth transaction? LINK Business Brokers Waikato can help you and your business achieve the best possible outcome.
Often, once the decision to sell has been established, the business owner has a desire for immediate action. LINK Business Brokers Waikato Sales Manager Rick Johnson says, “LINK can provide you with a highly structured process, time tested model, and a professional team that can offer valuable insights and assistance in the beginning stages of preparing your business for sale and providing the experienced advice to best structure your departure”.
Various factors can influence the necessary time to prepare your business for sale, working together with a Business Broker that will add their skills and valuable experience can be just as important as your choice of solicitor or accountant. Selling your business is likely to be one of the most pivotal transactions of your life!
Despite the last two years, buyer and seller confidence is definitely returning. The country’s borders are reopening and people are traveling more freely once again. Positivity about the future is being reflected in renewed transactional activity in the business sales market.
“While there is plenty of talk in the media about rising interest rates, historically these remain on the low side when compared with past decades. This means there are plenty of options for business buyers looking to acquire funding and service debt,” Johnson says
In recent times younger Kiwis have identified the need to take control of their own financial destiny in a way that previous generations didn’t. Increasingly, the aspirational desire to build equity independently has replaced universal reliance on a government-issued pension to see New Zealanders through their later years.
“With more buyers now looking for quality business it might just be the right time to exit yours,” he says.
If you’ve been thinking about selling, start by contacting LINK Business Brokers Waikato for a confidential discussion.
0800 225 99
