One day you wake up and think, "That's it. It's time for a change". As a business owner, there comes a time when you must decide if you want to continue coming to work everyday, facing payroll every two weeks, or perhaps, working through another string of Holidays.
Just because its time to sell your business does not mean you're throwing in the towel. Many times small business owners are ready to move on to other things; retirement, a new job, a new venture, more time with family, a focus on personal health, or any combination of factors.
Remember, one person's headache can be another person's stepping-stone to success. Anyone looking at a business opportunity always thinks they can do a better job. That's just human nature. And who knows, sometimes it takes a fresh point of view, along with the inevitable fresh influx of capital and elbow grease, to cause a change in direction that will place the business on the fast-charging path to success.
As a business owner, you might find yourself running out of steam, or perhaps the business has taken a down turn, but don't despair. You are what you think about. Sing a song, get out in front of that crowd and, by George, lead the parade to sell your business.
Selling your business is an important decision, second only to having taken the original step of buying or starting up in the first place. You would never embark on a new business venture without extreme optimism and enthusiasm, the same energy should exist when it comes time to sell your dream - don't sell without giving it 110% effort.
Here are the recommended steps to realize your dream of moving on;
1. Decide to decide.
2. Be sure your books are in good order so as to be easily understood by someone who is not familiar with your operation.
3. Clean up the property, after all we're not considering a Going Out of Business SaleŁ; we're proposing a Going Into Business SaleŁ.
4. Decide on a marketing plan and establish a budget to accomplish it.
Some directions to consider;
(a) classified advertising
(b) a direct mail program
(c) postings on Internet sights that promote the greater area
(d) advertise outside the immediate area
(e) post on web pages that sell business opportunities like BizBen.com
5. Or avoid the above steps and retain the full marketing services and expertise of a commercial real estate or business brokerage firm. Let them do all the time and money-consuming promotions, advertising, pre-qualifying appointments, and detail management that go into locating quality prospective buyers.
There will always be someone out there willing to trade places with you. Just think positive. It's been said that you achieve a powerful peace of mind once you decide to sell; you're just taking your hopes and dreams and moving on to a new level.
About The Author: Bob Hughes is a business broker in the Palm Springs/Coachella Valley (Riverside County) & San Diego areas assisting business buyers and owner/sellers with buying and selling businesses. You can reach Bob Hughes by phone at 760-323-8311.
|Helpful Resources To Assist In Selling And Buying California Businesses|
|Chris Seaman, Business Broker - San Diego County Area
Founded in 1994, First Choice Business Brokers has accelerated to become one of the most successful Business Sales Organizations in the world. Our team of agents have gone through extensive training to become experts in the field of business brokerage. Call Chris at 858-578-4111 for more info.
|Adam Orhun, Broker Specialist, Car Washes, Gas Stations - S CA
Over 20 years I have built solid resume on sales of gas stations and full, express or self-service car washes with or without land in Southern CA. Experience, recognizing upcoming obstacles, and instant problem solving is my strength. Call me today about selling / buying a gas station or car wash.
|Rick Carlson, Business Broker - Southern California
You Will Never Feel Lost In The Shuffle. Many Brokers Simply Send Out An NDA And That's The End Of Communication. All Buyers Receive A Personal Meeting With An Ace Acquisition Specialist So They Can Recommend The Perfect Business For You. Phone Rick direct at 800-985-4939.
|Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
|William Park, Business Broker - Southern California
Highest Volume Broker in California, Simply Check our HUNDREDS of Listings! Over 25 Associates, Speaking Dozen Languages, Helping Buyers and Sellers of Small Business since 1982, Centrally Located between Los Angeles and Orange Counties, while Riverside & San Bernardino Counties are Very Accessible.
|Bob Hughes: Business Broker, Palm Springs Area
Bob Hughes is a business broker & is President of Hughes Properties. Hughes has a wide variety of entrepreneurial experience with the personal ownership & sale of numerous businesses, and has sold over 200 small & mid-sized businesses in the Riverside County marketplace. Call Bob at 760-323-8311.
|Mani Singh, Business Broker, Southern California
I have successfully represented clients sell & acquire multitude of businesses ranging from Gas Stations, Liquor Stores, Markets, Super Markets, Smoke Shops, Postal Stores, Restaurants, General Retail, Auto and Construction related. Phone me for assistance with selling or buying at 951-296-7646 Cell
|Lee Petsas, Business Broker - Orange, San Diego Counties, Inland Empire
UBI Business Brokers has been successfully selling businesses in Southern California since 1965. Our Agents have over 100 years of experience in selling small to medium size businesses throughout Southern California. We service Orange County, Inland Empire, San Diego. Phone Lee at 714-363-0440.
|Related Articles, Events, Blog Posts, Discussions, Videos, Interviews|
|Why Restaurant Buyers Typically Fail: Best Pro Tips For Buying A Restaurant
Buying a restaurant (no matter what type) can have many pitfalls, and potential restaurant buyers should know how to avoid getting burned! Several restaurant intermediaries and advisors weigh in on this BizBen Discussion about the best way to find, purchase and run a restaurant successfully!
|Buying A Restaurant With Financing: 5 Options For Restaurant Business Buyers
In this Discussion, Peter Siegel MBA (Business Purchase Financing Advisor at 866-270-6278) discusses financing of purchasing a small to mid-sized restaurant business (with or without real estate). When it comes to financing a restaurant, potential restaurant buyers have many options to choose from.
|What Are The Pros and Cons Of Buying A Restaurant In An Industrial Park?
Are restaurants (deli's, sandwich shops, snack shops, food services) in Industrial Parks good investments for business buyers? Joe Ranieri (Orange County Restaurant Broker) at 714-292-5448 takes a looks at the Pros and Cons of buying a restaurant in an industrial park on this BizBen Discussion post.
|Webinar: CA Cannabis Industry Info And Overview: Buying, Selling, Starting
In this FREE on demand Webinar Jaime Ortega (at 866-591-7802) a Cannabis Industry Consultant, Due Diligence Provider, and Industry Advisor discusses different aspects of the cannabis industry and opportunities for buyers and entrepreneurs in this fast growing industry in California.
|Cannabis Industry Consulting, Due Diligence Services - For Buyers, Start Ups
We offer Cannabis Industry Consulting & Due Diligence Services to business buyers, owners, sellers, entrepreneurs throughout CA. We offer assistance with: licensing issues, cultivation facilities, products/ services, dispensaries, corporate strategy, & project management. Call 866-591-7802 for info.
|Buying A Restaurant Can Be Challenging: 3 Key Tips For Restaurant Buyers
People always need to eat; there should be plenty of business. Some buyers think there is prestige to owning a popular eating establishment. But it isn't an easy purchase. Peter Siegel, MBA (Business Purchase Financing Expert, ProBuy & ProSell Program at 866-270-6278) reviews this topic.
|Article On Buying C-Stores: Finding Moneymaking Convenience Stores
Trying to find the best convenient store for sale? Learn how to find convenient stores for sale with high traffic, profitable locations to maximize your investment. Peter Siegel, MBA (866-270-6278) the Director of the ProBuy & ProSell Programs with BizBen.com explores this topic on buying a C-Store.
|Buying A Car Wash: How Much Money Can I Make From a Self Serve Car Wash?
How much money should you expect to make when buying an automatic car wash? While every business is unique, on average, buying a self-serve car wash can be a great investment and income opportunity. Peter Siegel, MBA (BizBen ProBuy Program Director and Business Purchase Financing Expert) explains.
|See All News, Tips And Events|