Posts

Selling Your St. Louis Business

/in /by

Three More Reasons to Consider Selling Your St. Louis Business:

As with everything in life, businesses have a sell-by or expiration date. Or, in some cases, it’s just time for a dramatic change in priorities or goals.

Selling your business may also make great business sense and cents.

Here are three reasons to consider selling your business:

The market is hot.

Sometimes the best time to cash in is when things are at their peak. Maybe you’re in a space that was red hot for years but is now cooling. There’s no shame in selling your St. Louis business, taking a profit, and moving on to the next big thing.

Time to move on to something new.

Most entrepreneurs are not married to one business or industry. Sometimes it’s time to move on to the next hot business or something that’s more challenging or aligns with your passions.

Poor performance.

Sometimes things lose their luster. Maybe your heart is not in the business that you started twenty years ago. No one can fault you for recognizing that you’ve taken it as far as it can go and it is past time to sell. Also, sometimes a new set of eyes and a new owner can take what you’ve created and build upon it in a way that you just can’t.

No matter what your motivation or life circumstances are, St. Louis Group Business Brokers can help you sell your business discreetly and to a motivated, vetted buyer. For almost 43 years, we have been helping St. Louis and Southern Illinois small business owners evaluate, market, and sell their businesses. We have the largest database in the Metro St. Louis area, and that means we help more businesses sell and more buyers buy. Our team is also the largest and most experienced around. We know what it takes to get top dollar for your business and how to do it faster. We don’t get paid until you get paid, and we offer a no-obligation valuation of your business. We help sell businesses every day, so we know the market, prices, trends, and pitfalls.

Take the first step towards success and call us at (314) 842-3802. We also have a staff member on the floor at all times, so walk-ins are welcome. What are you waiting for? Today is the day you can accomplish your goals and sell your business.

Thinking About Selling? 5 Questions.

/in /by

 

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.