Imagine coming home from work one day to find a real estate broker sitting in your driveway. They get out of the car, approach you, and politely make a cash offer to buy your house at the current market value.
At this very moment, you likely genuinely wish your choice years ago was “preparation.” Nonetheless, dozens of questions surface surrounding the following: business value, taxes, deal structure, timing of the sale, estate planning, confidentiality, who helps, the premise lease, key employee contracts, etc. The list goes on.
Whether you’re focused on maximizing profitability, getting your paperwork in order, cutting costs, or generally getting your business ‘cleaned up’, starting early allows your efforts to take effect, therefore being more noticeable to a buyer.