When to Sell Your Agency
You put a lot of time, effort, and money into building a great agency. You stayed focused on your goals and achieved them step by step.
Now you are considering if this is the right time to cash out and begin the next phase of your life. Or, should you wait a few more years? How will you make that decision? Unlike most business decisions you only get one shot at this to get it right, so it pays to know what to expect and plan carefully before you go to market.
Deciding When to Sell a Business
Our research has shown that most owners need 3 to 5 years to prepare both their business and themselves for a successful exit, which we define as selling to the buyer of your choice, for the amount you need, when you are ready to exit.
Do you know how much cash you will need from the sale of your business to retire with the lifestyle you want to enjoy? Our trusted advisors who can help you answer that question. Do you know how much your business is worth today? Our business appraisal will give you that answer. Do you know how to double the value of your business in the next two years? We can help you gain clarity.
If you plan to exit in the next couple of years and you have not already begun to execute your exit plan you are already behind. Don’t wait any longer. Exigent circumstances couldforce you to take actions that you might not otherwise take.
Business Research Group has been working with business owners for over 20 years. We are the #1 trusted authority in Virginia helping owners to get more time, more money, and more enjoyment from their business. Our business appraisers hold the prestigious title of Business Certified Appraiser from the International Society of Business Appraisers, our brokers are members of the Carolina Virginia Business Brokers Association and the International Business Brokers Association.
You have questions – we have answers. Click below to schedule an appointment to meet with one of our associates.
For information on this topic, download The Exit Checklist. We provide practical answers to the basic questions all sellers ask:
What is my risk aversion level?
What will my role be after I exit?
How do I ensure confidentiality?
The Exit Checklist is your first step to a happy retirement. Try it now for valuable insights into your future exit.