Want to Sell Your Business in 2024? Here’s How to Exit

by Lily Small 21st of May, 2024

Want to Sell Your Business in 2024? Here’s How to Exit

This is not an easy decision once the business owner has decided to sell their business. To be fair to the business owner, you deserve to sell your business at as high a price as you can achieve. You want to make your business exit as easy and smooth as possible.

We sold a food factory within four months of the mark. Before the vendor engaged with us, he paid his accountant a big fee to help him to sell his business. over one year the vendor got plenty of interested buyers asked him a lot of questions, and required many financial figures and trading secrets, in the end, they all despaired, some called interested buyers and even blocked the vendor’s phone.

The vendor was exhausted, stressed, and very upset. Then, he searched for our company to help him sale of his business. We sold his business, achieved a dream price for him, and helped both buyer and seller achieve a win-win result. The current buyer has turned the business into a fully under-managed business and expanded the business to a much bigger and higher profit business.

The saying goes, “Let the professional people do the professional job”. Business owners, if you try to save a small amount of commission and listing fee, then you possibly end up trapped in endless problems with no guaranteed result, or even can lead to more serious problems and loss.

Want to Sell Your Business in 2024 with confidence? Want to sell at the highest possible price with a smooth transaction? Here’s How to Exit?

Let your accountant help you prepare your updated financials, and adjusted Profit and Loss.
Be sure you have a secured lease in place.

Staff payslip clearly showing staff and owner’s wages.
Provide your management system, data, and as much as possible business information to your broker.
Engaged with a professional business broker who has evidence to deliver a winning result.
Commitment to the business broker’s strategic management and marketing plan.
An Exclusive Agent
The correct Asking Price set using a proven pricing methodology by your business broker.
Working with your broker closely and supplying all the updated business information in time.

How can LUX Business Sales and Advisory help you?

The LUX Business Brokerage Team are specialists in helping migration business buyers to successfully purchase a business that meets their business migration visa requirements as long as helping our local business buyers.

We help business owners sell their businesses to the right buyers and help the buyers purchase the right business. In conjunction with our extensive network of business alliances, LUX Business Brokers can facilitate listing businesses for sale Australia-wide.