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.

Sell your business Saint Louis

He Who Hesitates is Lost

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This is an old Chinese proverb. Or He Who Hesitates, Regrets. An Albanian Proverb. Either way works in the business broker world. We see hesitation with buyers and sellers every day. Whether Buying a Business or Selling a Business, either party can ask the same questions – Is this the best or right price for the business? Will there be a better opportunity next week? Am I doing the right thing? I’ve gotten three opinions, should I get three more? When you operate your business, or make decisions in your job, hesitation can often be costly. One of the benefits of owning your own business is that you can make all the final decisions and you can make them quickly, without going to committee. Many people leave the corporate world for this reason alone. How many times have you said, “Boy, if I could run this business and make decisions without all these meetings, I could double revenue”? Here are some examples of regrets that our office has seen over the years: Seller is presented with two good offers within a year. Both were declined as insufficient. The business goes into bankruptcy because the seller’s health fails and he is not able to tend to the business. Buyer A wanted to make an offer on a business but wanted to complete due diligence first. The seller balked at providing further detailed information without an offer. Buyer B submitted an acceptable offer with a contingency for completing due diligence and makes it to the closing table. A buyer wanted to make an offer on a business but decided to wait until his kids were back in school after spring break. The business sold while he was in town – at home.
These are real regrets and real pains. It’s understandable that someone wants to make the right decision. However, we see the deal-killing results of analysis paralysis every day. In the end, those who have the ability to be decisive within a short time frame are usually the most successful at making it to the closing table with a satisfactory deal.
If you are ready to take action in controlling your future, call Saint Louis Group today and speak to one of our brokers.

Ringing up sales (reprint from STL Business Journal 8/19/11)

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Saint Louis Group Business Brokers, which has been selling small businesses since 1976, sold 27 of them for $10.3 million in the first half of the year. Prices ranged from $38,000 to $2 million. Businesses sold include Bell City Battery, Gravois Grill and Halloween Express, said owner Dave Marlo.