Selling a Business: Your Guide to a Smooth and Profitable Experience

Selling a business can be a complicated process, but with the right guidance and preparation, it can be a smooth and profitable experience. Phil Wolstein is here to help As a Certified Business Broker in Los Angeles, CA, I understand the intricacies involved in selling a business and can provide expert guidance to help you through the process.

Preparing Your Business for Sale

To sell your business, the first step is to prepare it for sale. This involves maximizing its efficiency, earning potential, structure, and presentation. By minimizing costs and increasing annual profit, even by a small amount, you can add thousands of dollars to the sale price. I can help you recast your profit and loss (P&L) to determine your true SDE (Seller’s discretionary earnings) and ensure that your business is well-positioned for sale.

Once your business is ready, the next step is to identify potential buyers. I can help you identify qualified buyers who are interested in your type of business. I will also help you market your business to these potential buyers, using a combination of online listings and targeted advertising.

After identifying interested buyers, the next step is to negotiate the purchase agreement. I will work with you to ensure that you get the best possible price and terms for your business. I can also assist in ensuring that the sale is structured in a tax-efficient manner.

Selling your business is a big decision, but with my expertise and guidance, you can ensure a smooth and profitable sale.