These factors will determine how long it takes to sell your business.
As a business owner who is ready to sell, one of the first questions you will ask a business broker is how long it will take to sell the company. The quick answer is that it usually takes about six months to sell from the date your business is listed. If you’re interested in learning about the steps of the selling process and how long they take, continue reading!
Marketing
At Atlantic Business Brokerage, we start the selling process with an initial analysis of your business that is free of charge. Once we have a good understanding of your business and your goals as an owner, we gather data and information that will help us promote and sell your company. The advertisement is a crucial step in the sale, as we want to attract the right type of prospective buyer. We use numerous avenues to promote a business for sale, including multiple websites, print media, direct mailings, and many other resources. The process of marketing a business can take a few weeks, as it is vital to take the time to ensure we reach reliable buyers.
Popularity Of Industry
The industry you are in will have an effect on the timeline, as some types of businesses are simply more popular with buyers than others. Manufacturing and distribution companies, for example, are very popular with buyers, which means that the sale process will likely move along quickly. However, Atlantic Business Brokerage works with business of all industries and sizes and use direct marketing to reach industry buyers of certain companies.
Price
The price of a business also affects the sale timeline, as an overpriced business can sit on the market for a long time. Before the deal is negotiated, the buyer will typically see the company and evaluate information before closing the deal, which can take a few weeks to possibly a few months.
Our Time Frame
At Atlantic Business Brokerage, our time frame for selling a business is about six months from the date we list it for sale. It’s important to keep in mind that several factors determine how long it will take to sell your business, including whether lender financing is a part of a transaction and the always changing market conditions. Once we have a solid understanding of your business, we will be able to provide a realistic time frame for you.
Sell With Atlantic Business Brokerage, Inc.
At Atlantic Business Brokerage, our mission is quite simple; we help sellers sell businesses, and buyers buy businesses! Over the past 30 years, ABBI has facilitated the sale of countless commercial properties, businesses, and franchised locations. With our unparalleled knowledge of the business purchase and sale industry and our network of contacts, we offer services to both buyers and sellers that no other brokerage firm can match.
Contact us to discuss your business buying and selling goals today at 410-561-9800, or Toll-Free at 800-279-7569. Email us at [email protected], and follow us online on Facebook and LinkedIn.