janice e. staropoli,
cbi
past president, valley board of business
brokers
member,
international business brokers association
for a free, limited time only, estimate of a "marketable" price
for your business: pricing
this estimate is based on 6 years of research on sold businesses.
for information on arizona and the metro phoenix area, see arizona webhub.
and the office of tourism's arizona guide
for more information call your brg specialist today
our convenient e-mail address is: janice@bizbrokersaz.com
voice/fax: 480.951.1600
there are many good reasons why you should consider whether now is a good time to sell your business. the most important reason, and the one many owners fail to consider, is just simply that it's good personal financial planning. your business is part of your personal assets and it has a value. as with other assets, like cds, real estate, stocks, etc you want to at least preserve its value or work to increase its return to you.
if the business is not meeting your personal goals, you should seriously consider whether it's time to sell! or, if you feel that the business has reached its "peak", sell to maximize your return.
a business has reached its maximum potential when:
sometimes we are faced with the question of, "what am i going to do if i sell?" while this is a difficult question to answer, it tells us that the seller is generally not happy with the business. the business should be sold! the real problem is not in selling, but what other business he or she can get into, one that would be more appealing. and there probably is a business out there that would indeed be found more appealing.
the solution is much like "trading up" your home. for example, if you had bought a business for $100,000 with $30,000 down, why not sell it at $120,000 with $45,000 down and you take the note for $75,000 (over 5 years at 10% interest this would amount to about another $20,000 per year).
you then buy the business you like for $90,000 with $35,000 down and pay a note of $55,000 (over 5 years at 10% interest you payout about $14,000 per year). your note payable on the new business is covered by your old note receivable with some $6,000 per year cash left to you. all the profits of the new business are kept by you and are not needed to payoff the seller!
if you have any of the above concerns, we will be happy to discuss the possibilty of selling your business. our experienced staff can assist you in valuing the worth of the business, discuss what a potential buyer in the market would be willing to offer, and go over the procedures and steps involved in selling your business.
for more information call your brg specialist today
voice/fax: 480.951.1600 email: janice@bizbrokersaz.com
valley board of business brokers
business resource associates voice/fax: 480.951.1600 7047 e. greenway pkwy - ste 180 janice@bizbrokersaz.com scottsdale, az 85254