Sell my company?
I remember sitting in my office of the last company I owned and feeling so blessed about how much we accomplished since 2008 when the great recession hit us so hard that we almost lost everything. I was reflecting on what we had accomplished the last couple of years as the company was running on autopilot, our company culture was excellent, and our customer satisfaction was at an all-time high. Yet, I thought to myself I think I want to sell my company.
After all, the economy is really heating up, I’m not getting any younger, and I want to try something different, and fulfill my passion. Also, most of my wealth is the value of my business, and why not get out of debt and sell while the economy is good?
Many of you reading this may be in a similar situation, and thinking to yourself or mentioning to others “I think I want to sell my company”. I took out a piece of paper and weighed the pros and cons and the thing that really struck a chord for me was cash in on the wealth and go after my passion helping others, teaching, coaching, and mentoring them.
If your seriously contemplating selling, now may be a good time, as the market has been really hot the last several years. I personally sold three (3) businesses in June alone – a manufacturing company, a collision repair business and building, and an auto and commercial flat glass company.
What are the facts?
Here is the 2019 First Quarter Market Pulse Survey
Who has the advantage:
Advisors believe that sellers hold the advantage in all market segments except the smallest. Year-over-year, however, shows a slight decline in confidence across all sectors except for businesses with $5 million to
Where are business values trending?
My Personal Experience
Lastly, it’s always a good idea to create a non-owner dependent business, with a strong management team in place that will help you fetch a higher price for a nicer retirement.
Contact me if I can be of service or answer any questions you may have
firstname.lastname@example.org or 720-436-1472.