How long does it take to sell my business?

How long does it take to sell business?  It generally takes, on average, between six to eight months to sell a business.

Keep in mind that an average is just that. Some businesses will take longer to sell, while others will sell in a shorter period of time. The sooner you have all the information needed to begin the marketing process, the shorter the time period to sell your business should be. It is also important that the business for sale be priced properly right from the start.

Some sellers, operating under the premise that they can always come down in price, overprice the business opportunity. This theory often “backfires,” because buyers often will refuse to look at an overpriced business for sale. It has been shown that the amount of the down payment may be the key ingredient to a quick sale.

The lower the down payment, generally 40 percent of the asking price or less, the shorter the time to a successful sale. A reasonable down payment also tells a potential buyer that the seller has confidence in the business’s ability to make the payments.

For More Information, please contact us at:

MGL Business Solutions – Cincinnati, Ohio 45248

Email:  Mike@MGLBusinesssolutions.com

Phone:  513-200-0247