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How to Get the Money Fast for the Sale of Your Business

Post author:Tampa Business Broker
Post published:August 20, 2018

It is never anybody’s goal to sell a business for less than it’s worth, but that is often the reality for business owners who plan poorly or work with an ineffective business broker.

If you are beginning the process of selling your business, it is essential you use the following tips to ensure you get the most money for your sale. A high priced sale can fund your retirement, get you out of debt, pad your savings account, and help you begin the next great adventure in your life.

Sell When You’re Doing Well

Don’t wait until your sales have declined or your business is on the brink of bankruptcy to sell. While it’s possible to do so, you will get the most money for the sale of your business by listing when you have substantial proof that the buyer will inherit a thriving operation. Rather than defending business blemishes, you will be able to command a higher listing price thanks to the many assets and strengths your business offers.

Become the Master of Your Financial Records (more…)

Why 90% of Businesses Never Sell

Post author:Tampa Business Broker
Post published:August 10, 2018

Selling a business isn’t easy. In fact, according to the International Business Brokers Association (IBBA), up to 90% of businesses never sell at all.

If you are thinking of selling your own company, you don’t want to become one of the 90%. This is why it’s so important to understand the reasons other businesses have failed and find a business broker who knows how to help you close a profitable sale.

Poor Financial Reporting

Messy, outdated, or imprecise financial records can tank an otherwise promising business sale. No buyer wants to see financial information that has clearly been mismanaged or neglected. The state of your financial records reflects upon the entire state of your business, and you will struggle to find a committed buyer without clean and refined financial reports. (more…)

How to Choose a Broker to List Your Business

Post author:Tampa Business Broker
Post published:July 10, 2018

The condition and potential of your company aren’t the only factors that matter when you initiate the process of selling your business. You also need an effective, committed, and strategic business broker to help you make a sale.

The wrong broker will let your business sit on the market for months or years without results. Use the following tips to find the best broker to handle your sale and help you move on with your life.

Choose a Broker With Specialized Experience

Selling a business requires nuance and experience. Even a talented and proven broker could have trouble achieving success in a new industry. In order to increase the speed and price of your sale, select a business broker with a history of experience in your specific industry or niche. This ensures your broker is well-versed in what is needed to sell your restaurant, construction company, or medical practice. (more…)

How much is my business worth?

Post author:tampa_business
Post published:June 25, 2016

Don’t you want to know the answer to this immensely prominent question? In case, you are unaware of the benefits of business valuation, know that determining the worth of your business will make sure you don't price it too high or too low. Getting a valuation will provide you with a detailed explanation of your business's worth and the documents will serve as a measure for your listing price and also bring credibility to the asking price.

M. Bayway March 9, 2022

Pete was tremendous. He was able to match up my business with the perfect buyer! It was the smoothest transaction that I have ever been involved with.Thank you, Peter and Tampa Bay Cash Cow!

kreig list 1 November 23, 2021

Great service, fast and accurate results. Pete was very patient with all my questions which helped me feel more confident and comfortable throughout the process.Thank you for all the help 😊

Mrs. B January 23, 2022

Pete is an exceptional broker. He knows the ins and outs of his business and strives to give his customers a superior experience. Hey screens and scrutinizes potential buyers for your business and make sure they are absolutely qualified and committed to following through. I highly recommend him.

James Butler January 23, 2022

Trista Sisk November 23, 2021

I cannot begin to express my appreciation, elation, respect and happiness about my experience with Pete. I struggled through losing a business to covid last year and found solace in working with plants and flowers. Over time, that hobby developed into a thriving business that quickly outgrew me. In a split second decision, I decided to sell the little business I created in attempts to get the real professionals to come in and take over, in the nick of time. I told Pete that I needed to sell and I needed to sell fast. We listed on Monday, spoke to a potential buyer the same day and then accepted an offer on Friday. In a 5 day stretch, Pete helped me SO much and I will forever be grateful. If you are looking to buy or sell a business, please look no further than this man and his company. I highly recommend you hire Tampa Business Brokers.

TAMPA BUSINESS BROKER

Tampa Business Brokers

M. Bayway March 9, 2022

kreig list 1 November 23, 2021

Mrs. B January 23, 2022

James Butler January 23, 2022

Trista Sisk November 23, 2021