How much is your business really worth?
How would your business survive if you were unable to work for 3 months?
Have you recently been made redundant and are looking to be your own boss?
For most SME owners, their business is their pension. However, they are often disappointed when they decide to retire at the offer they get, if they are one of the lucky few to actually receive an offer. As a result, in a lot of cases, SME owners continue to work in the business long after they would wish to do so. Without drive and energy, the business will suffer.
The time to sell your business should not rely solely on when you choose to retire. Selling a business is an emotive issue, and maximising the value at the time of the sale is critical. The sale should be at a time that suits you.
There are a number of factors which influence the value of your business. Over the past few years, the average price paid for SME businesses, across US and Europe is 2.5 times profit. However, there are a number of steps which can be taken to significantly improve this profit multiple, while at the same time increasing the profit in your business.
To find out more, please take this free online 13 minute questionnaire. You will receive a report with useful tips at the end of the process. One of our specialist staff members will then contact you to discuss the findings of the report in more detail.
LINK TO SELLABILITY SCORE
Through our related business, www.savvy.ie, we have access to a growing number of businesses for sale, businesses wanted and a database of potential investors. If you are looking for ways to expand your business, or are thinking of selling, please contact Shane Connors today.