Selling your company is a big step, and often a once in a lifetime event. Most of our clients have spent a large portion of their lifes building their companies. Saying goodbye to something you built and having someone else take it over, can be an emotional and difficult proposition. Over the years, we have educated and guided many business owners through the exit process. Some of our clients' main objective was to procure the highest possible dollar amount for the sale of their company. Some were concerned about other factors, such as preserving jobs or their legacy. Whatever your priorities might be, we will do our very best to achieve your goals and educate you about the pros and cons of every possible scenario: there is no one size fits all approach to selling a company.
We typically recommend that potential business sellers reach out to us at least 2-3 years prior to their planned exit date. This will provide the requisite time period for an initial evaluation of priorities and what should be done to best achieve them. At that time, we recommend that you get a basic business appraisal done since there tends to be a gap between what most business owners expect their company's to be worth, and the company's actual value in the marketplace. Knowing how much you will be able to get for the sale of your company will be a critical factor in the timing of your decision to sell. During this initial evaluation, we will also discuss key value drivers in your business. Being aware of them will allow you to work on those areas, so that you can optimize the sale price when it is finally the right time to exit.
One thing is a guarantee, it is never too late, or too early, to educate yourself about the exit process. So, wherever you are in the life cycle of your business ownership, please feel free to contact us with questions. We don't charge you anything for initial discussions and are happy to be a valuable resource for your needs. You can reach us by phone at 781 806 0880, or via email on the CONTACT section of this website. We look forward to hearing from you to serve your business needs. In the meantime, we encourage you to visit the RESOURCES section of our website for useful links and information about selling your company.