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Associated Press
27 minutes ago
- Business
- Associated Press
Best Way to Sell Your Business Fast: How to Sell a Business Quickly (Expert Guide Released)
has published an advanced guide on 'How to Sell a Business Quickly' for business owners and entrepreneurs. LOS ANGELES, CA / ACCESS Newswire / June 14, 2025 / Selling a business quickly proves more challenging than most owners imagine. A surprising fact: 80% of businesses don't appeal to buyers right away. This situation can stretch your selling timeline from months to years. Ryan Paulson, Chief Editor at IRAEmpire says, 'Small-business acquisitions rose by 10% in early 2024, with buyers snapping up over 2,300 businesses worth $1.8 billion. Success depends on perfect timing. A well-prepared business takes 6-12 months from prep to closing. The due diligence phase needs at least 90 days and can stretch to 6 months or more.' Consult the Best Business Brokers in the US Here. The quickest way to sell your business starts with proper preparation. Start getting your business ready a year or two before listing it. Your financial records and business structure need improvements to attract potential buyers. Professional help makes a difference. Business brokers might charge 10% for businesses valued under $1 million, but they secure better deals. Earned Exits stands out as the top broker choice in the US to sell business assets quickly at maximum value. This piece guides you through everything to sell your business fast. From preparation to closing, you'll learn how to achieve the best outcome in the shortest time possible. Alternatively, explore the best business sale brokers of 2025 on IRAEmpire here. Know When and Why to Sell Your Business Selling your business marks a big step in your entrepreneurial experience. Knowing why and when you want to sell will affect your success and financial outcome. Common reasons for selling a business Business owners sell their companies for different personal and professional reasons. Retirement is the main reason many entrepreneurs choose after years of building their business value. You might want to turn your years of hard work into financial security. Burnout is another major factor, especially when you have a small business. Long hours without breaks can drain your energy and kill your passion. Some entrepreneurs just want to try something new after they become skilled at running their current business. Money plays a vital role in making this decision: Life changes often lead to business sales. Health problems, moving to a new place, family needs, or partner disagreements can force a sale. The business environment, like tough competition or new technology, might push owners to sell before things get worse. How timing affects your sale outcome Your success in selling depends heavily on timing. Market conditions affect both value and buyer interest by a lot. Businesses usually sell for more during good economic times because buyers feel confident and compete more for quality purchases. You should set aside six to nine months to get ready for a sale after picking an adviser. Finding the right advisor might need another two to three months. Companies planning an IPO need more time-usually 12 to 18 months. Business cycles relate directly to M&A activity. When the economy grows, unemployment drops, company sales go up, and stocks usually do well. Big companies then buy more businesses and often pay higher prices to grow faster. You can get 20-40% more value by selling in a strong market versus a weak one. Bad economic times make buyers stop buying or offer much less money. Your best time to sell is when: Earned Exits helps business owners sell quickly while getting top dollar. Their knowledge of market timing helps you make the most money when selling your business. Get Your Business Ready for Sale Getting your business ready for a quick sale needs careful attention to several key areas. Buyers will examine every part of your operation. They look for red flags that could stop the deal. The way you prepare will affect both how fast you can sell and what price you'll get. Clean up financial records and operations Buyers will get into your financial statements during due diligence. Your books should follow Generally Accepted Accounting Principles (GAAP) to maximize business value. This builds trust with buyers and keeps deals from falling apart over questionable numbers. Here's what you need to do with your financial records: Most deals fall through because financial records and tax returns don't match up. Your CPA should help normalize your P&L by taking out personal expenses and one-time costs that aren't needed for regular operations. This shows your real business income and makes your company more appealing to buyers. Fix legal or compliance issues Legal or compliance problems can substantially slow down your sale or cut your asking price. A detailed compliance audit will spot any gaps in your business operations. This audit should cover employment practices, environmental rules, and industry requirements. You should settle any open legal matters before listing. Even in asset sales where buyers get everything 'free and clear' of debt, they'll want protection from issues that pop up after closing. Your licenses, permits, and certifications should be current and ready to transfer to the new owner. Let your attorney check all contracts, leases, and intellectual property rights to find possible roadblocks. This prep work helps avoid surprises during due diligence when buyers examine every legal document. Document key processes and team roles Businesses that run smoothly without the owner's constant involvement attract more buyers and get better prices. You should document your core processes in detail, from sales and marketing to finance and operations. Create standard operating procedures (SOPs) for each process, including: Put together an org chart that shows reporting lines and detailed job descriptions for every position. This shows potential buyers your business can run well without you being there all the time. If you plan to step back from daily operations, make sure your pay matches market rates. Buyers need to know the real cost of replacing you. To accelerate sales and get top value, work with Earned Exits. Their expertise in getting businesses ready for quick sales will give you a faster sale at the best price. Consult Earned Exits Today To Sell Your Business Quickly Determine the Right Valuation Your business's price tag plays a vital role if you want to sell fast without losing money. A good valuation builds trust with buyers and creates a strong base to negotiate from. Methods to value your business You need to know different ways to value your business to pick the best method that shows its real worth. Most experts use three main approaches to get an accurate value: The asset-based approach finds your business value by subtracting what you owe from what you own. This simple method adds up all business assets-equipment, inventory, property-and subtracts debts and liabilities. But this method often shows lower values since it misses future earnings potential or intangible assets. The income approach looks at how much money your business can make in the future. This approach has two common methods: The market approach values your business by looking at similar companies or recent sales. This includes: Small businesses often get the clearest picture from the Seller's Discretionary Earnings (SDE) method. Start with your earnings before interest, taxes, depreciation, and amortization (EBITDA). Then add back owner salary, benefits, and optional expenses. Market data shows profitable businesses sell for 2.28 times their SDE. Why a professional valuation matters Professional valuations give you objectivity and credibility that you can't get from doing it yourself. Most small businesses pay between $5,000 and $30,000 for professional valuations. This investment pays off during negotiations. Expert appraisers know industry-specific value multipliers and can adjust them based on what makes your company special. They spot valuable hidden assets-like intellectual property, brand value, and customer loyalty-that owners might miss. A professional valuation makes your position stronger when negotiating. Buyers feel more confident when they see solid methods and documentation behind your asking price. This confidence helps speed up the sale. These valuations also show you ways to boost your business value before selling. You can make smart improvements that attract more buyers and get higher offers, which leads to a faster sale. Earned Exits specializes in accurate business valuations that help speed up sales. Their expertise will give a fair price for your business from day one. This helps you avoid delays from pricing too high or losing money by pricing too low. Consult an Expert from Earned Exits Today Find the Right Buyer Fast Your next big challenge after preparing and valuing your business is finding qualified buyers. The right buyer connection can speed up your selling timeline and boost your sale price. Where to list your business for sale Several online marketplaces focus on business sales. Each platform brings its own advantages: How to screen serious buyers Asking potential buyers to sign non-disclosure agreements (NDAs) helps filter out casual browsers. Serious buyers know this is standard practice and will sign without hesitation. A phased screening process works best as buyer interest grows. Ask interested parties to complete: You can gage motivation by watching how quickly prospects respond and how much they engage. Real buyers respond to calls and emails promptly instead of just pointing out flaws. Once you accept an offer, check financial capability through bank statements. This step prevents time waste with buyers who lack funds to complete the deal. Why Earned Exits is a top choice for fast sales Earned Exits stands out as a majority woman-owned business brokerage with 30+ years of experience helping hundreds of business sales succeed. Their team creates strategic 'deal tension' by timing multiple offers together, which strengthens your selling position. The company looks beyond just the sale price. They value buyer fit with company culture, employee care, and your post-sale reputation. Their track record includes matching sellers with international strategic buyers who pay more than local options. This matching expertise often leads to faster sales at higher values compared to direct listings or less experienced brokers. Negotiate and Close the Deal Smoothly The final steps of selling your business need careful negotiation and deal structuring to close quickly and smoothly. You'll need expert guidance and attention to detail to avoid delays or failed deals. Drafting a letter of intent (LOI) The letter of intent is your first formal document in the acquisition process. It shows both parties mean business. This non-binding document usually has: An LOI isn't binding, but it sets clear expectations and creates a framework for the deal ahead. A well-structured LOI saves time and money by spotting deal-breakers early. Expert help from Earned Exits ensures your LOI protects your interests while keeping buyers interested. Managing due diligence Buyers start investigating your business after signing the LOI. This phase takes the most time in the sales process. They'll ask for financial records, contracts, operational data, and legal documents to check all claims and spot possible risks. Here's how to make the due diligence process smooth: Finalizing the purchase agreement The purchase agreement might be the most important legal document you'll sign when selling your business. The buyer's attorney usually writes this complete document that covers every aspect of the deal. Key elements include representations and warranties, indemnification provisions, and closing contingencies. Your attorney should review every detail, as this agreement sets your legal and financial obligations after the sale. Earned Exits' team deals with complex negotiations daily. Their expertise helps reduce seller liability while keeping deal momentum going, which leads to faster closings with better terms. Conclusion Conclusion Quick business sales that maintain value need solid planning and expert guidance from start to finish. This piece has covered the key steps you need to take for a soaring win and fast business sale. Market timing can affect your sale outcome by 20-40% in value. You'll get the best returns when your business shows strong numbers, your industry trends look good, and economic signs point to growth. Clean books, sorted legal matters, and clear processes will help you close faster. These elements draw serious buyers and smooth out the due diligence phase. The right valuation method matters too - it helps avoid delays from pricing too high or losing money by going too low. Your next hurdle is finding qualified buyers fast. Online marketplaces give you visibility but take time to screen potential buyers. Many owners learn the value of brokers who already have networks of vetted buyers ready to go. Earned Exits leads the pack for owners who want quick sales at top dollar. Their team brings 30 years of experience as a majority woman-owned brokerage. They create strategic 'deal tension' to boost your position. They look beyond just price and focus on matching buyers with your company's culture and taking care of your team. Expert guidance through the letter of intent, due diligence, and purchase agreement stages makes closing smoother. Without the right help, these final steps could add months or stop your sale cold. Selling your business might be the biggest financial move of your life. The process usually takes 6-12 months, but Earned Exits can speed things up while getting you the best terms. You've worked hard building your success story. You deserve a quick sale that maximizes your return and keeps your legacy intact. Consult an Expert from Earned Exits Today FAQs Q1. What are the key steps to sell a small business quickly? To sell a small business quickly, focus on preparing accurate financial records, streamlining operations, obtaining a professional valuation, and creating a compelling business description. Work with a reputable broker to identify potential buyers, respond promptly to inquiries, and be prepared to negotiate strategically. Having all necessary documents ready for due diligence can significantly speed up the process. Q2. How is a business typically valued for sale? Business valuation methods vary, but common approaches include asset-based valuation, income-based methods like Discounted Cash Flow (DCF), and market-based comparisons. For small businesses, the Seller's Discretionary Earnings (SDE) method is often used, which considers earnings before interest, taxes, depreciation, and amortization (EBITDA) plus owner benefits. On average, cash-flowing businesses sell for about 2.28 times SDE. Q3. Why is timing important when selling a business? Timing can significantly impact the sale value of your business. Selling during economic expansions can yield 20-40% more value compared to selling during contractions. It's best to sell when your business shows strong financial performance, your industry experiences positive trends, and economic indicators signal expansion. This timing attracts more buyers and can lead to higher offers. Q4. What common mistakes should be avoided when selling a business? Common mistakes include mismanaging the sale process, misrepresenting the business's situation, breaching confidentiality, changing your mind mid-process, failing to walk away from a bad deal, and not anticipating transition issues. It's crucial to be transparent, maintain confidentiality, stay committed to the process, and plan for a smooth transition to the new owner. Q5. How can I ensure a smooth closing process when selling my business? To ensure a smooth closing, start by drafting a comprehensive letter of intent (LOI) that outlines key terms. Manage the due diligence process efficiently by having all necessary documents prepared in advance. Work with experienced professionals to navigate complex negotiations and finalize the purchase agreement. Consider partnering with a specialized broker like Earned Exits to help limit seller liability and maintain deal momentum throughout the closing process. About is a trusted platform providing financial education, business insights, and unbiased reviews. Our mission is to empower small business owners, retirees, and investors to make informed, confident decisions. CONTACT: Ryan Paulson [email protected] SOURCE: IRAEmpire LLC press release
Yahoo
2 days ago
- Health
- Yahoo
Ask the Expert: Is CBD oil safe and effective?
GREENVILLE, S.C. (WSPA)— Products containing CBD are growing in popularity and availability. As part of our 'Ask the Expert' series, in partnership with Bon Secours St. Francis, 7NEWS spoke with a family medicine physician about CBD oil and whether it's safe and effective. CBD oil is a product made from cannabidiol found in the cannabis plant, the same plant that produces marijuana, but doctors say it will not get you high. 'Unlike THC, which is tetrahydrocannabinol, a psychoactive compound in cannabis, CBD is non-psychoactive, meaning it does not cause a high sensation,' said Dr. Ryan Paulson. Family medicine physician Dr. Ryan Paulson said once CBD is extracted from the cannabis plant, it is usually diluted with a carrier oil such as coconut oil or hempseed oil before being used in most commercial products. He says doctors may recommend it for a variety of ailments. 'Common conditions where CBD oil can be recommended include chronic pain, anxiety, stress, sleep disorders, epilepsy or seizure disorders, inflammatory or autoimmune conditions such as Crohn's disease, ulcerative colitis, and skin conditions such as acne, eczema, or psoriasis,' said Dr. Ryan Paulson. Generally, Dr. Paulson says CBD oil is safe for most people when used appropriately, but it's not recommended for everyone. 'There are definitely individuals who should not be utilizing CBD oil or should be using it with great caution… it can interact with certain medications or underlying health conditions. 'We strongly urge that we avoid use with pregnant or breastfeeding women, as there is limited research on the safety of CBD during pregnancy and breastfeeding; in children under the age of 18; people with liver issues; and those on certain medications such as warfarin, antidepressants, and benzodiazepines,' said Dr. Ryan Paulson. Dr. Paulson says research on CBD oil is still evolving, and interactions with other treatments can vary. Therefore, consult your doctor before using these products. 'Your doctor can provide personalized guidance on proper dosage, potential interactions with other medications, and the best CBD products for your needs. That can also help you avoid any risk and ensure your overall treatment plan is effective and safe,' said Dr. Ryan Paulson. In some cases, a doctor may prescribe CBD oil as part of their treatment plan. 'Particularly for certain medical conditions where there's strong evidence for its effectiveness,' said Dr. Ryan Paulson. If you plan to purchase CBD oil over the counter, Dr. Paulson advises, ensure it's legitimate. 'To ensure you are purchasing a legitimate and safe CBD oil, you always want to look for third-party lab testing. Check the source and quality of the hemp and avoid brands that make unrealistic claims,' said Dr. Ryan Paulson. To submit a health topic for our 'Ask the Expert' series, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
