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Is Your Business Sale Ready?
This is a question that many think they know the answer to. They assume that their business is already sale-ready and they have an exit strategy in place, but the truth of the matter is... it may not be sale-ready and they don't have the right exit strategy in place.
At Finn Business Sales, we focus on making sure that you are set up for success when it comes time to sell your business. It's only a matter of time before you sell your business. We take pride in helping you protect the time and effort you've put into building your business.
By seeing things from the buyers’ perspective, you’ll be able to improve all the aspects they take into consideration when evaluating your business and as a result, sell it for a better price.
We helped more than 100,000 buyers
We've sold thousands of businesses
You know exactly what gets you a fast sale at a strong price
You can get a higher price with good planning...
One of the most common things that we see at Finn Business Sales when working with businesses to get their business on the market, is they value their business too low.
This typically happens when their business is not fully sale-ready and they do not have the right exit plan in place.
We focus on creating the perfect exit planning strategy to help sell your business for the highest dollar. You have to know what the buyer is considering before putting your exit plan into place.
top
dollar
These seven major things must be well thought out and outlined, prior to a buyer purchasing your business. Without them, you may be missing out on how valuable your business truly is.
What do buyers consider when purchasing a business?
STEP 1
Strategy
A buyer will look at your market strategy, business plan, growth opportunities, competitor analysis, and exit plan. It's best to have these laid out in detail so that the buyer can make a well informed decision when considering if your business is right for them to purchase.
STEP 2
Internal Business Processes
Collate due diligence info, prepare an add-back schedule, business profile and due diligence document, both fully customised to your business.
STEP 4
In order to make the buyers decision easier, it's best to have your core business activities sorted out. They want to know that the business will run smoothly when they take over. Your core business activities may include suppliers you work with, connections with the customers, and outsourcing.
Core Business Activities
STEP 3
People
Buyers will pay attention to the company culture, accountability, multi-skilling, training, and talent building programs. They look for these to ensure that the business has what it takes to succeed in the long term. The people are who help a company be successful.
STEP 5
Technology & Innovation
Technology is ever changing and potential buyers are interested in learning about if the business is up to date in technology innovations. They also look at the quality and complexity of what you're currently using.
STEP 6
Financial Management
This is a key factor for business success. How do you handle your cash flow and working capital? What are your return on investments? Have you budgeted? Are there any taxation-related issues? Buyers need to know these things to be confident in their buying decision.
STEP 7
Customers
When purchasing your business, buyers will look at your customer base. They want to know your pricing strategy, retention/turnover, and distribution systems are well thought out.
Are you ready to create your exit plan and get your business sold for top dollar with Finn?
Guaranteed 7 day turn around to create your customized exit plan
Receive a call from Steve & Neil
We will be in touch shortly.
Australia's largest network of expert business brokers
