All businesses are inquired by a variety of different buyers - some are qualified while others are tire kickers. If you're a business owner, you may not be thinking of selling right now; however, the time will come when you hit the wall and decide right at that moment you need to find a qualified buyer to take over the reins. Therefore, if a buyer walks through the door of your establishment and give you an offer, don't turn it down first.
Suppose you’re approached by another company that’s interested in purchasing, and presents you with an offer? However, you don’t really know what your business is worth, and the buyer is not using any real foundation point to justify their asking price. You never want to take anything a buyer "off the street" says as more than face value, regardless whether they say they came up with some industry multiples as a rationale or something else.
If you’re presented with an offer to sell your business, consult with your local VR Business Sales location. Each VR business intermediary will perform a complete valuation on your business, where we will perform an S.W.O.T. analysis (strengths, weaknesses, opportunities and threats), examine your intangible assets, goodwill, intellectual property as well as your assets and liabilities to make sure no money is left on the table.
VR will help you have all the facts in place to negotiate effectively with the buyer, and complete a successful sale of your business.
Contact VR today
whether you’re a prospective buyer looking for an existing business or an established business owner looking to sell.