During 2012 and 2013 many business owners were reluctant to put their businesses on the market because they incorrectly believed that the poor economic climate would mean their businesses would be hard to sell.
There are many businesses for sale and many reasons to sell. Most business owners are looking to sell their businesses for purely personal reasons. These reasons can be about age, partnerships, family, health or the most common of all… they’ve simply had enough and it’s time to do something else.
Business owners, please be mindful of 'experts' offering to provide valuations or market appraisals of your business using so called industry research or a fill in the blanks software program.
It doesn’t matter what type of business you are looking to sell there will usually be a specialist business broker able to help you. Marlow & Co are specialists in the sale of industrial businesses such as manufacturers, wholesale/import and business to business (B2B) services and we are also the number one licensed post office (LPO) broker on the Eastern seaboard.
Most business sale contracts will include an agreement between the buyer and seller about the handover to be provided by the owner. The handover is the time the old owner stays with the business to help and train the new owner.
The 'post Christmas' period is traditionally a time when we are meeting with business owners who have taken some time over the break to think about selling. Sometimes they are ready to go and the business comes on the market straight away.