In This Issue: The Top 3 Reasons Why Deals Fall Through, How Can You Identify a Serious Buyer?, How Leases Factor Into Business Sales, 5 Ways That Sellers Can Focus On The Positives

Are you ready to cash in on all the hard work you’ve put into building your business? Selling a business is a major decision, and it’s important to make sure you get the most out of it. That’s why working with a business broker can be a smart move.

As a business owner, you may have poured your heart and soul into building your company from the ground up. Whether it’s a small family business or a large corporation, at some point, you may consider selling your business. However, selling a business is not as simple as putting a “For Sale” sign on the front door.

1. Not having organized financial records. Most if not all buyers will request to review the last three years profit and loss statements/balance sheets and tax returns – at a minimum. In addition, if the buyer is looking for bank financing, the bank will also request the same information.

Selling your business is a major decision! If you have decided the time is right to sell your business, working in tandem with a professional business broker can make the difference between just getting rid of the business and selling your business for the very best price and terms. What can the professional business brokers at KReate do to assist you in the sale process?

“What would you do if you were stuck in one place and every day was exactly the same, and nothing that you did mattered?” – Bill Murray (Phil) – Groundhog Day. Are there days you feel the same as Phil in Ground Hog Day? As a business owner, do you feel stuck in one place and every day is the same?