- By Daren Leng, Senior Business Broker, ABC Business Sales
Deciding when to sell your business is one of the biggest decisions you’ll face.
Timing can influence both the sale price and the ease of the process.
Here are key points to consider.
Market conditions
Economic cycles play a major role in business sales.
A strong economy and low interest rates often mean more buyers with better access to finance.
It’s also important to watch industry trends, as demand for businesses in particular sectors can vary.
Business performance
Selling when your business is thriving, rather than in a downturn, typically results in higher offers.
Buyers look for businesses with steady growth, a loyal customer base, and solid financials.
Personal goals
Consider your personal goals. Whether it’s retirement, a career change, or simply a desire for more time, it’s essential to assess if now aligns with your plans.
Preparation
A well-prepared business usually sells faster and at a better price.
Make sure your financials, operations, and legal matters are in order to attract serious buyers.
There’s no one “perfect” time, but combining strong performance, favourable market conditions, and clear personal goals can create an ideal situation.
- For expert advice, contact Daren Leng at ABC Business Sales – here to help you make the right move. Phone 021 0278 6045 or email darenl@abcbusiness.co.nz.
