You’ve worked long and hard to build your business. But for whatever reason, you’re considering selling. This can be a complex endeavor filled with seemingly endless questions.
You should be able to answer the following questions:
Your SBDC Certified Business Advisor can explain to you, using your financial data, the most commonly used valuation techniques.
Tips on selling a business and related web resources.
Search for business opportunities, businesses for sale, of all types and sizes. Also featured at Inc. and WSJ Startup Journal Web sites. Under "Sell your biz" and "Buy a biz," find a free business valuation calculator, information about valuing and appraising a business, financing a purchase, and more.
Find forms and information with regard to filing an annual tax return for the year you go out of business, reporting the disposal of business property, and other actions you will need to take (from the IRS Web site).
The International Business Brokers Association has created a free searchable database of businesses for sale nationwide.
Checklist of items that must be on the written sales agreement (from SBA's Small Business Planner series).
Offers links to associations, industry reports and other pertinent industry-specific information classified by SIC.
Why and how they are used.
Q&A from the American Institute of Certified Public Accountants on financing ideas for transferring or selling a business.
Ways to decide what your business' market value.
Knowing your company's range of value is important. Several options for determining fair value, along with equations for calculating value, are included. From The Edward Lowe Report.