It’s hard to know when it’s the right time to sell your business. But if you don’t have successors within your company (family or key employees) already, we recommend a 3- year plan to sell your Iowa business. Why is that?
We have found it takes 11 months on average to sell a business. The best Iowa business sale outcomes involve preparation.
As an Iowa business owner, you are an expert in your business’ product or service. And you may have some idea of your “number” – your financial exit goal. But you likely aren’t an expert on what the buyers of your Iowa business seek.
By engaging a business broker earlier with a 3-year plan, an Iowa business broker can help determine the current value of your business. This may or may not match your expectations. If this business valuation is lower than desired, it provides us with time to execute strategies and prepare your business for sale and ideally at a higher sales price!
WE work with Iowa business buyers daily and would be happy to provide you with the current industry norms and expectations! Iowa buyers are focused on historical financial success and opportunities for growth. We can provide complimentary business consulting for alignment with our Iowa buyers!
Please feel free to reach out with questions – my sole focus is on selling Iowa businesses and retaining these businesses in the communities they serve! This starts with the 3-year plan!
