Business Broker

Keep Your Books in Order

Business owners often ask how they should prepare for the sale of a business.  While there are many items an owner can do with proper planning, one of the major items that we suggest is to get your financial affairs in order and “work on your books”.

Clean up the balance sheet and keep non-business-related expenses off the profit and loss.  Increase your bottom line as much as possible and in turn increase the amount of bank financing that a potential buyer will qualify for.  In turn, the owner will then need a lower level of seller financing to successfully sell a business.

Don’t over borrow.  Keep a continuous eye on your books.  The following article addresses one business owners struggles by not keeping an eye on his books.

Need help with preparing to sell? Contact Broker Matcher today!

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