Monday, April 1, 2013

Selling a Small Business in Sarasota

Are you thinking about selling a small business in Sarasota? Don’t know how to get started? Afraid to make the wrong decision?   Here are a few things to consider when selling a small business in Sarasota:

Should you sell a small business in Sarasota yourself?selling a small business in Sarasota

Many entrepreneurs like the challenge of doing things themselves. However, when selling asmall business in Sarasota there is a lot of work required to market and advertise your business. As an owner it can be difficult to stay objective when representing your own Sarasota business for sale.  Representing oneself in the sale of the business could also take the focus away from the day to day operations and growth of the business.  It is usually advised that a business owner keep their focus on the business operations and seek a professional Sarasota business broker. Having the assistance of such a professional will most often create a much smoother transition when selling a small business in Sarasota.

How much is my small business in Sarasota worth?
 When selling a small business in Sarasota, a Sarasota business broker can perform a thorough analysis of your business and help you determine the worth of your business.  The broker will be able to benchmark the business against other similar Sarasota small business that are for sale or that have recently sold, so that you can effectively position your business against other competing business. When it comes time to sell a small business in Sarasota knowing what the business is worth is an important first step. There are some myths that are often associated with business valuations so an accurate estimate and setting a realistic price for the business will go a long way in selling a Sarasota small business.

How long will it take to sell my small business in Sarasota?
Selling a small business in Sarasota can be a complex process.  There may be inventory to be transitioned, a possible lease assignment, and in some cases a lengthy due diligence process. There is no way to accurately predict how long it will take to sell a small business in Sarasota, but a good estimate could be 6 to 8 months. Certainly there are times when the sale of a Sarasota small business can happen much quicker. A professional Sarasota business broker in some cases will be successful in selling a small business in less than 60 days.  This often requires a meeting of the minds and a motivation by both the Buyer and the Seller of the Sarasota small business.

In summary, the best results in selling a small business in Sarasota are most often done by hiring a Sarasota Business Broker, knowing what the business is worth, and being patient with the sale.  To reach a qualified Sarasota Business Broker or to find out more, visit Truforte Business Group at

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