Happy New Year. Much has changed in the last few years with the business brokerage market, giving Buyers and Sellers more resources, channels to connect and choices to utilize.
Choosing a business broker to sell your business is similar to choosing a defense lawyer to go to trial. A lawyer can’t guarantee a verdict, but choosing the best one for the job significantly improves your chances of success. Selling a business is difficult, takes time and can be stressful! Choose a competent broker who you can trust to represent your best interests.
It’s generally understood that the process of selling a business should be done under strict confidentiality. I discussed those reason in a previous blog, however, one of the trade-offs is that marketing a business confidentially can greatly increase the time to sell. Business owners should know that selling a business can take 9-18 months, but in some cases, they may not have the luxury of time to allow for the normal process.
The current pandemic, subsequent shut down of our economy, and the expected downturn that may follow have created more uncertainty than the previous recession in 2009 or the system shock after 9/11.
Acquire a well-established specialty construction services business with a defensible market niche, experienced workforce, strong demand drivers, and significant opportunities for continued growth.
9.24.26 6:00PM Basics of Buying and Selling a Business. Portland, ME. Thursday September 24th.
This workshop will help you navigate the sale or acquisition of a business.