Selling a business
The best time to sell your business is when sales and profits are strong. This helps generate interest from buyers, and allows you to place a higher value on your business. It can take up to 2 years to plan a successful business exit, so it's a good idea to use this time to strengthen your business and maximise its value.
If you need to sell quickly for financial or personal reasons, you may find it difficult to achieve a higher price. Seek professional advice as soon as possible so that you can put a plan in place to achieve the best possible outcome in the time available.
Planning the sale of your business involves making specific decisions about why, when and what you are selling, and who you are selling to.
This guide describes the basic process for selling a business. Because selling a business can be a complex and time-consuming process, you should seek advice from your lawyer, accountant or business broker before you sell.
- Last reviewed
- June 29, 2016
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