Are You Thinking About Selling Your Business in 2023?
There are many reasons to consider selling your business. Most of the reasons are great ones and, in certain circumstances, there could be some not so great ones.
First – here are some great reasons to consider selling your business:
- Valuations are still high
- Giant tax changes could be coming our way to capital gains
- Interest rates are rising – which means buyers are looking NOW.
- Maybe you are tired of running your business and trying to grow it
Business valuations are rising due to a shortage in middle market companies seeking to sell. However, you shouldn’t try to “wait out the economy,” the best time to start the process of selling your business is always right now.
If most business owners wait 4 years to sell, they may need to double their net profit just to keep pace with the impact of higher taxes and inflation on their sale proceeds.
If you can’t guarantee you’ll double your earnings in a sustainable way, the time to sell is now. Don’t wait.
And – Then there’s inflation and interest rates that keep rising. No one can predict if / when it will end, or what impact it may have on our economy in 2024 and beyond.
- Buyers are becoming increasingly impatient to find solid companies to purchase due to rising interest rates
- Freight and Supply Chains are still disrupted from the COVID-19 Pandemic
- Businesses in many areas are being overtaken by large competitors
- Once-Loyal customers are leaving or finding new sources of products and services
- The government debt ceiling and management is out of control
- E-Commerce is taking over brick and mortar
You have the unique, though not great, circumstance of trying to sell your business during one of the most uncertain times our country has ever faced.
The good news is, we are still selling businesses – many more than in previous years in fact!
Many business owners are tired of the madness, so they sell to larger competitors.
Some of our clients are taking advantage of the buyer frenzy and retiring early.
Don’t be like most business owners and wait until “the right time,” because as we’ve experienced, that “time” may never come – the right time was yesterday.
So, if you are considering selling your business, our advice is to do so now while valuations are still high and buyers are seeking now, before your marketplace is demolished by inflation and before taxes rise to all time highs for capital gains.
Or, you can wait it out and see what happens… your choice.
If you choose to sell – we will help you get the most attention possible from the right buyers, and now is the right time.
We encourage you to get a no obligation valuation estimate – we have updated our online valuator to account for what is going on today, you may be surprised at the value you can get.
Take that here:
Then – book a call with our advisors to go over the next steps:
IAG M&A Advisors is a business intermediary consulting firm, facilitating the buying & selling of businesses. With over 100 years of combined experience, the IAG team has been a leader in the industry by helping the owners of privately held companies “cash in” on all their hard work and get the best payoff possible.
We are here for you if you have questions about selling, and ready to help you get started when you are ready.