A business owner who is serious about selling his or her business should be ready to answer the following questions:
- How do you grow the company?
- Does the company have monthly financial statements? Are the annual financial statements prepared on a timely basis?
- What is the company's competitive advantage?
- If there are any employees working in the business, do they take pride in what they do and in the business itself?
- What is the inventory turnover? Does the company have to many suppliers?
- Is the business introducing new products or services?
When business owners consider selling, it will pay big dividends for them to consider the areas listed above and make whatever changes are appropriate to deal with them. It makes good business sense to not only review them, but also to resolve as many of the issues outlined above as possible. Contact Corporate Investment Business Brokers if you are interested in BUYING or SELLING your business.
www.floridabusinessbrokers.com
cibb@cibb.net239-936-1718
Comments for What a Buyer May Ask a Seller
There are no comments yet.