Reasons To Sell Your Business Now

With interest rates at all-time lows, buyers can obtain low-cost financing to buy your business. The lower the interest rate, the lower the monthly payment for a buyer. The lower the monthly payment, the more the buyer can afford to pay, which makes it a good time to sell your business.

With an estimated nine million business owners who are baby boomers reaching retirement age, the number of businesses for sale could soon reach all-time highs. The more businesses for sale, the harder it becomes to command a high price for your business and/or find a potential buyer.

While we apply a sense of urgency to every business we sell, selling a business can take time. It’s better to start the process sooner rather than later, so that you don’t have to “fire-sale” the business or take a less than ideal offer because you’ve reached the end of your rope (financially, mentally, emotionally and/or physically).

If your business is at its highest value today, that’s a great reason to sell right now. Your business could be valued highly because of your unique products or services, low competition, high customer demand, or a variety of other factors. But if you feel like you’ve reached a peak, this could be a good time to cash out and be compensated for all of your hard work and efforts.

If you’ve lost interest in the business – which happens, more often than you might think – this will start the impact the value of the business. If you’re past the point of wanting to give 110%, day in and day out, selling your business now could result in a better offer and open up new opportunities for you.

Running a business takes a tremendous amount of time, energy, and focus, and if your health is on the decline, it could affect your business. And your business could affect your health. If you’ve been injured recently or are starting to have acute or chronic health problems, selling your business might be the best move.

As much as you might still love to run your business, there could be other hobbies, interests, and passions that you’d like to pursue. Whether you’re fifty or eighty, if retirement is starting to look more and more appealing, this could be the right time to sell your business.

If you want to move outside the Colorado, Wyoming and New Mexico area, and it’s not feasible to move the business with you, you might need to sell the business. You could take the proceeds from your business sale and reinvest in another business in your new location.

Whatever your motivations for selling your business (now or in the future), our goal is to get you the highest price and to ensure a smooth transition that protects your legacy. As your business broker, we would represent you, and only you – always advocating for what’s in your best interest.