How long does it take to sell my business?
It generally takes, on average, between five to eight months to sell most businesses. 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 should be. It is also important that the business be priced properly right from the start.
Some sellers, operating under the premise that they can always come down in price, overprice their business. This theory often “backfires,” because buyers often will refuse to look at an overpriced business. 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.
Most Cincinnati main street businesses sell within 6 to 12 months depending on business type, size, and preparation. We give a realistic estimate at your free consultation.
MGL works on a success-fee basis — no commission until your business sells.
Confidentiality is our highest priority. We never disclose your identity without a signed NDA from a qualified buyer.
Manufacturing, distribution, construction trades (HVAC, plumbing, electrical), transportation, and professional services in the $1M to $10M revenue range.
Ready to find out what your Cincinnati business is worth? Contact Mike or Rob today for a free, confidential consultation. Call (513) 200-0247
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