Sell Your St. Louis Business: 3 Reasons To Consider

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Buy a business St. Louis

Three More Reasons It Might Be Time to Sell Your St. Louis Small Business.

At some point, most every business owner will be faced with the decision to sell their business. There are so many reasons and they vary for every owner.

Here are some common reasons to possibly consider selling your St. Louis business:

It’s time to move on to the next big thing.

Entrepreneurs know when to sell their business and move on to the next venture. Successful business owners can take what they learned in building one successful business and apply it to a new venture. Selling at the top of your game may make perfect sense and it also allows you to cash out and sell your successful business to a new, motivated, vetted buyer.

Lagging interest and a change in priorities.

Sometimes entrepreneurs start a business because it’s was a passion, a hobby or a hot business sector.

All human beings experience change. People get burnt out, bored, and tired of the monotony. Small business owners are no different. Sometimes a business that starts as a passion, a necessity, or even as something fun to do, loses its luster. If the passion is gone, perhaps it’s time to sell. Life is short and there’s no time like the present to make a change that improves your life and finances.

Financial Need.

Life throws us all curveballs and shifts priorities. Whether it’s retirement, the desire to enjoy your wealth, other investment opportunities or the need for money for medical or personal issues, selling ones St. Louis business may be a necessity and an urgent need.

Saint Louis Group Business Brokers, the St. Louis Metro’s largest, oldest, and most trusted group of professional brokers, knows that each St. Louis business seller has his or her own unique situation, motivation, and goals. We have helped thousands of business owners like you, sell your Saint Louis business.

Here are some reasons to choose us:

Experience matters. We know the market and how to provide you with the proper business valuation.

We are the largest. We have more businesses for sale than any other business broker. More listings attract more potential buyers.

We are discreet. We know that selling a business is a private and potentially life-altering challenge.

We don’t get paid until you get paid. We have skin in the game and we are motivated to serve your needs.

We have qualified, vetted and motivated buyers. Every business needs the right buyer. Saint Louis Group Business Brokers have them.

We know how to market businesses. Selling a business on your own is daunting, to say the least. A great business will only fetch top dollar if it’s marketed properly and attracts the attention of buyers.

We offer a comprehensive approach—from valuation to marketing, to selling, to completing the paperwork, we have all the bases covered. Our in-house department knows all the ins and outs.

Thinking About Selling? 5 Questions.

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Are you thinking about selling your small business?

For the majority of Saint Louis small business owners, the day finally arrives when it’s time to retire, pass along your business or sell it outright. It’s not an easy decision or one that should never be made in haste.

Here are the top five questions you need to answer before considering selling your St. Louis small business:

  1. Is your business ready to go on the market? This is a big one and for some pretty obvious reasons. If you want to maximize your returns and realize the best sales price for your small business, you have to do some homework. Find your tax returns for at least three years. Take an inventory of your assets and liabilities.
  2. Is your timing good and is the market favorable? This is really important and often overlooked in the haste to sell. Selling at the bottom of a market or when a business is struggling through a rough year, is not recommended.  Selling when you’re profitable and at the peak is the best strategy. There are no crystal balls, but if your business is based on certain trends or industries, you need to take that into account in making this decision.
  3. Are you willing to stay on in some role to complete the sale? Would you consider staying on as a consultant or advisor as the new owner “learns” the business and transitions?
  4. What are the obstacles to a sale? Who owns the business? Are there investors, contractors, or any third parties that could slow, hinder or even derail a sale? If so, get your ducks in a row ASAP.
  5. Who do you approach or choose to help you sell your St. Louis small business? An accountant? A lawyer? Or, a business broker? Accountants and lawyers can be helpful with some tasks, but they lack the largest database of businesses for sale and the thousands of vetted buyers we work with already.

At Saint Louis Group Business Brokers, we have successfully helped thousands of St. Louis small business owners just like you, evaluate, market, and sell their small businesses to motivated, vetted buyers.

We are the oldest, largest and more successful business brokerages in the St. Louis metro area. We provide a free realistic market valuation, proper marketing materials and we only get paid when you do. We also have the largest database of businesses for sale and a pool of pre-screened buyers.

Call Dennis at (314) 842-3802 to learn how we can help you sell your St. Louis business.