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SELLING YOUR BUSINESS

 

Are You Ready to Retire?

Retirement Budgeting

Sources of Retirement Income

Tax-Deferred Savings Vehicles

Estate Planning

Selling Your Business

Getting Your Business Ready for Sale

Working With a Business Broker

Closing-Your-Business Sale

More Resources: Retirement Planning
  You’ve worked hard to build your real estate brokerage, and now you’re ready to reap the rewards and move on to a new adventure. But keep in mind that selling your business takes a lot of planning, just like growing it did.

4 Reasons You May Want to Sell

More than 140 real estate and mortgage brokerage companies valued at $5 million or more were acquired or merged with another company in 2002, according to the U.S. Census Bureau's most recent Statistical Abstract of the United States.

Here are some reasons you may consider selling your business:

1. You need funds to invest in a new business venture.

2. Your business has become too large for you to manage personally.

3. You need additional capital to make your business grow.

4. You want to retire or reduce your level of business activities.

Selling Your Business, Deloitte & Touche, Growth Company Services Guidebook Series

Is Now a Good Time to Sell?

Just like selling homes, the best time to sell is when you have a buyer. However, if you’re just in the planning stages of your exit strategy, keep these indicators in mind when deciding when to put your company on the market.
  • Are interest rates low so that buyers can obtain favorable financing?
  • Are there a sizable number of experienced sales associates in your market who might be ready to take the step to ownership?
  • Is the economy expected to be strong in the next several years?

TIP: It can often take a year or more to find a buyer for your business.

5 Parts to a Successful Exit >