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Is it Time to Sell Your Business?

Should you sell your business or should you not sell your business? Should you put it up for sale now or wait for a better business opportunity? Or maybe you should skip all this, and just approach Kirksey Business Brokers in Roanoke, TX, for advice. Just come to us, and we’ll tell you all that you need to know in order to sell your business successfully: the planning, deciding the correct time, putting all documents in order, we’ll have you travel through all these phases. And most importantly, we’ll connect you with prospective buyers in Roanoke, TX so that you can minimize the sale.

Deciding to sell your business in Roanoke, TX, is a big decision for most of you.  When you think about the money and efforts you have invested, and the employees and friends or family who helped you along, you become worried if your decision is going to be worth it or not, and if it’ll make you better off in any way than right now. But don’t worry, at Kirksey Business Brokers, we’ll perform business valuations, and help you make all these decisions such that you get the greatest benefit in return.  

For right now: we’ll restrict to one important question: how do you and we decide if it is the right time to sell your business in Roanoke, TX? By trying to get the following answers.

What is the value of my business?

Before you decided to put up your small business for sale, you should know it’s worth it, so that you can set a suitable price. We’ll perform detailed business valuations, and help you come up with a number.  Though there are a number of methods for doing this, we do this through four primary ways: income approach, cost approach, market approach and true value approach.

Am I passionate or am I exhausted?

Why do you want to sell your business? Maybe you want to retire, try out a new business opportunity in a different industry or get employed, instead of being the employer. Whatever your reasons are, measure you passion. Are you more passionate about ruining your business or about selling it to fulfill that other desire? Obviously, if it’s the latter, you should sell your business in Roanoke, TX.

Do I have a proper business model or about to have one?

A business is successful only when you have a proper business model. Okay, you already have this. Answer this now: do you want to run your business using this model? Confused? Reach out to us Kirksey Business Brokers in Roanoke, TX, and we’ll help you decide.

We know a lot of business owners who are making good money, but they aren’t passionate about what they do. They do earn profits, but they have their interests elsewhere.  In such a case, you should find a buyer or think about a merger.

The basic point here is that if you have no clear path to walk on, and no more interested in being the CEO, then you should sell your business.

Do I have a topnotch team? Can I hire one and afford them?

No CEO, President or business owner is anything without their team. But, having a team isn’t enough because you need a stellar team to back you up, if you are targeting expansion and growth. In the case that you already have one, you need to decide if you can afford them, keep them engaged and retained them to back you up through rough times. If you don’t, you can think about hiring one, but then again, it depends on your resources, and more importantly, on the direction that you intend to take.

Are my finances stable? Can I sacrifice them?

Look into your personal life. How stable are your finances? Good if they already are, but can you sacrifice them? Thinking about getting married, having more kids, pursuing some higher qualification? Think again if you should continue with your business or not. Evaluate your risk profile and your risk acceptance score. How much time and money can you put into it? And after doing so, are the rewards going to be worth it?

We would suggest you to put up your small business for sale in Roanoke, TX, if you have any kinds of doubt on your financial stability.

Is selling my business in Roanoke, TX, the answer to all my problems?

That depends on your situation, and we cannot say for sure, until you tell us what you are into.  But still generally, it depends on the type of business which you want to sell. Maybe you could solve the talent problem, but there might be funding issues or some other problem.  

Your approach also plays a part. From what we have seen, many issues are resolved when you sell your business to a strategic buyer.

Will you be able to find buyers in Roanoke, TX?

Yes, this is what Kirksey Business Brokers are here for. We’ll help you find buyers, and ensure that you get the best deal which you possibly can. We’ll prepare a non-disclosure agreement, and then reach out to a number of prospects after doing business valuations. Then, negotiations will begin, and when both parties have struck a deal, we’ll aid you finalizing and closing the seal.

Do I have any other options?

Well, maybe you could try some more luck with your business, and give it more time.  It all depends on your goals and approaches, and how you choose to proceed ahead. But, we’d think you would be better off if you sell your business.

Please reach out to Kirksey Business Brokers in Roanoke, TX, and we’ll address your concerns and queries. Let’s evaluate your conditions, determine your finances and then sell your business. While at it, we’ll prepare a proper exit strategy for you, and make sure you get the maximum benefit.

So, what are you waiting for? Give us a call, and let’s get started!

OUR VAST NETWORK OF FINANCIAL CONTACTS EXPEDITES FINANCING AND CLOSING THE DEAL.