Tory Adair
Selling your business is typically a nine-month to one-year process, on average. However, depending on the type of business, the industry, and the valuation, it can go as quickly as three months and as long as three years.
Typically, it takes three to six months to find the right buyer. Once you have a letter of intent, it will generally take 30 to 60 days of due diligence and another 30 to 60 days of closing document preparation.
Depending on the complexity and the financing available, it can extend the closing another 30 to 60 days after documents are prepared. There are a number of factors involved. So, generally speaking, you should expect the process of selling your business to take nine months to a year.
The Bristol Group specializes in helping business owners sell their companies. We provide the following services: Business Valuation, Determining the Timing of the Sale, Maximizing Value, Keeping the Process Confidential, Finding the Buyer, Negotiating, and Due Diligence.
Call your local Bristol Group Business Broker, Tory Adair, and see if selling your business makes sense. Call (480) 388-0898, or email tory@bristolgroup.com.