Sell My Business: Should I Sell My Business Now? Ask Yourself These Questions Before Selling Your Colorado Business
Why should I What are your reasons? Burnout? Stress? Too much responsibility? Age/retirement? Medical reasons? Problems with a family member? Or do I just want to do something else after all these years? sell my business?
When should I sell my business? When will I know when it’s the right time to step aside?
If I should sell my business I want the highest price and strongest buyer, but I should also want the sale to be completed quickly and quietly. How can I avoid the stress and chaos some business sellers encounter?
What is my business currently worth, especially given the turbulent market and economy? Most business owners are happy to sell if the price and terms of sale are agreeable. What am I looking for? If I can get what I am asking the next year or two, should I sell my Colorado business?
How do I get an accurate
business valuation given volatile market conditions? Have I taken the company as far as I can, and do I think someone else may be better suited to grow it going forward?
How many months or years does it take to properly prepare business for sale for maximum value?
If I want to sell/transfer in the next 1-3 years, exactly what steps should I take today to properly plan for the day I actually sell my business?
What are the “value drivers” for my industry and how do you maximize them for the disposition of your business?
They say I should look at my business ‘though the eyes of the buyer” since they are making the offer. How do I do this?
How do I sell my business or transfer it to a family member without making the process a cumbersome fiasco?
How should I structure the ownership transition so as to minimize my tax consequence?
They say they are raising the taxes on the sale or transfer of a business. What are they raising the tax rate to and when will it kick in?
Should I sell my business to an outside party, or transfer it to a family member or key employee(s)
If I transition the business to one of my kids, how do I create the liquidity for other children to ensure everyone is treated fairly and I don’t leave a legacy of conflict and regret?
Would any of my children be fully capable of running my business the way I have run the business over the years?
Will they have what it takes to grow it and still pay me the agreed-upon monthly payments from free cash flow?
What is the difference between
pre-sale planning, business continuation planning, and succession planning? How do I sell my business and keep it 100% confidential?
What will happen to my employees after I sell the business?
What kind of buyer is best for my business from an operations standpoint?
How do I create a competitive bidding situation for a business so I get the best deal overall?
What is the difference between a strategic buyer, financial buyer, and an operational buyer and who will pay the highest price and best terms for my business?
What should I do with unsolicited buyer or broker calls that come my way? Should I take these offers serious?
Can I sell my business myself without a broker or intermediary? What are the pros and cons?
What does Pre-Sale planning mean and how critical is it?
At what point do I tell employees, vendors and customers that I plan to sell my business?
Do I need a broker, consultant, CPA or attorney to prepare a business for sale or transfer?
Do brokers or consultants charge up-front fees for business transition and
pre-sale planning advice? What is best, an “Asset or Stock” sale from a tax and liability standpoint?
If I have to carry a portion of the sales price, how can I best protect myself to ensure you get all your payments?
I have heard about buyers running the business into the ground and leaving the previous owner with a mess and no more payments from the promissory note. How do I prevent this possibility?
How do I allow a buyer to conduct due diligence without it consuming a lot of time, and risk breaching confidentiality?
What are the planning steps to positioning the business for sale?
Should I use a business broker, mergers and acquisition firm, or just list it on the internet/newspaper?
How long can the sales process take to complete once I decide to sell?
How long will I be expected to stay on and train the new owner? Will I typically get paid for this? Perhaps the new owner will want you to stay on in some form of partnership role after the sale?
How can I participate in the up-side growth of the business after the
sale if I sold all the company stock? What would I do if I did sell my business today or transition the business to another family member? Would this be comfortable for me? My spouse?
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Colorado Business Brokers
Shawn Hagerty, Avante Telecom Inc., Denver, Co. Sold in 40 days at 2 times the asking price.
Jim Freamen, Attain Technologies Inc. Denver, CO. Sold in 2 mos. for just under 2X asking price.
David Lustrum, Owner 3 UPS Stores says: "The broker (Paul Olsen) produced 7 full priced Letters of Intent within just 6 weeks. I got over $1MM for all 3 Stores!"
James Elgie, Owner Je-COR Mechanical, 40 Year Old Denver Truck Repair Co. "In just 60 days Paul got me a perfect buyer for 2 X's the contracted sales price."
Dan Meyer, Intermountain Coach Inc. A $30MM-$35MM/year Bus and Coach sales and Leasing Company in Colorado. I got full asking price for it!!
Dan Teege, owner of Water Service Company in Denver, MECI Water Electrical. Paul Olsen did a solid job generating over 10 qualified buyers