A New Year brings new resolutions. Is yours to move on and sell your business? If so, getting the right advice early will be to your advantage.
Getting your enterprise into top shape often begins years in advance. This is the best way to approach a sale. It means ensuring the right structures are in place and provides time to sort out any outstanding debts like taxation, superannuation, or liabilities so you can start looking for buyers with a clean slate.
One of the most important elements will be working out just what your business might be worth.
You can look around at other similar businesses that have sold recently and work out an estimate of your value, or you can use the return on investment rule to calculate how much profit you make to work out (less any liabilities) the value for a sale price. Either way, getting in the best shape for sale will be crucial.
Feel free to call us to discuss how we can help or read this recent blog by Ricardo Neves on the topic. click here