The decision to sell your small business is a massive step in your overall life plan. After all, getting a business started from the ground up is no small feat! But, how do you know when it’s the perfect time to sell? A few factors could contribute, but ultimately, each business and situation is different. Here are a few situations that may tell you that it’s time to get ready to sell.
When Is It Time To Sell Your Small Business?
You’re Ready to Retire
You’ve spent your life working hard, and now you’re ready to relax, travel, or pursue new opportunities. Deciding to sell your small business to someone prepared for the challenge and confident they can take good care of your team could give you the extra funds for a healthy retirement nest egg.
New opportunities can arise anywhere! Whether you’re moving to have a change of pace, a spouse’s job, or to be closer to your family, it could be time to sell your small business if you’re relocating.
Your Health is Changing
Life isn’t predictable, and sometimes illness happens to you or a loved one, and you can no longer handle the work you used to. If there’s nobody who can help ease your workload, your business may start to suffer as a result. Although you may be reluctant, health concerns are a clear sign it may be time to sell your small business.
Your Business Has Increased in Value
While you might have never envisioned selling your company, it may become more tempting if you get generous offers to purchase it. If there are more benefits to selling than keeping the business running, it’s worth considering.
You Need a Change
If you’re someone who loves dreaming up a company and getting it started, you may not want to stay there for long before starting up your next project. Deciding to sell your small business once it’s up, running, and thriving is a great way to gain investment money for your next venture.
Buy With Atlantic Business Brokerage, Inc.
At Atlantic Business Brokerage, our mission is quite simple; we help sellers sell businesses, and buyers buy businesses! Over the past 30 years, ABBI has facilitated the sale of countless commercial properties, businesses, and franchised locations. With our unparalleled knowledge of the business purchase and sale industry and our network of contacts, we offer services to both buyers and sellers that no other brokerage firm can match. Contact us to discuss your business buying and selling goals today at 410-561-9800 or Toll-Free at 800-279-7569. Email us at [email protected], and follow us online on Facebook and LinkedIn.