This is a question we get asked on a regular basis at Bristol Business Brokers.
It is a big emotional decision to sell a business, so the timing is critical.
We believe the best time to sell is when ….
1. The business is in growth mode with a robust future order book and 3 years of growth. This provides a buyer with confidence that they are buying a good solid business with strong financial performance.
2. Good levels of surplus cash in the bank – buyers like this as it gives the business security post sale. Sellers can use the cash in bank as an asset and include in the sales price.
3. Clients are on contracts that protect future revenues.
4. When the UK manufacturing sector outlook looks strong.
5. When you are personally ready to sell. This could be to retire, ill health or simply had enough!
Please make contact if you would like a free valuation and to assess if you are ready to sell.