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Timing Your Business Sale....Speed and Variables Matter

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Timing Your Business Sale: The Exit May 2, 2019  by  Michael Shea PA   (Edit) Timing the sale of your business is critical. All too often when a business owner considers selling their business, the fail to factor the time it takes to sell and the variables associated with their business. So the purpose of this blog is to set some expectations and give business owners some time considerations as well as some other factors that impact a deal. How Long Does It Take To Sell A Business How Long Does It Take To Sell A Business? The National Average is 8 to 12 months. I have sold one in as little as 5 days but that is far from normal. Why so long? Well lots of reasons ranging from overpricing, bank qualification, immigration delays, interest rate changes, due diligence discovery issues, and a million others. Also, keep in mind there are seasons to things both in the short term (summer, fall, holidays) and the long term (election years, Brexit, recessions). As a busin...
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Rules of Thumb are for the Birds

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Rules of Thumb are for the birds October 11, 2015  by  Michael Shea PA   (Edit) In the world of small business sales and mergers and acquisitions every buyer thinks every business is overpriced and every seller thinks its worth more than what you tell them. Over the years “industry experts” of which I am apparently one, bandy about “rules of thumb”. In other words….business X sells at 2 x cash flow or 70% of sales etc etc etc. I recently had a broker call me up and tell me that a business was overpriced (not her job) and that the proper valuation method was a $ value per customer. Oddly enough a month prior she had a different position entirely (#notethesarcasm). Valuation is an art and there is data to support proper pricing. But in simplest terms there is not one method that is correct; however sellers need to be particularly cognizant of market dynamics like supply and demand and inventory levels. Yes even in small business sale and mergers when inventory...
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