![]() | 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.
TIP: It can often take a year or more to find a buyer for your business. 5 Parts to a Successful Exit > | |