State of the Market Q4 2023
Benchmark Business Sales & Valuations State of Market Download Q4 2023 Report
Every Business has a Lifecycle.
Prepare and plan your exit early to maximise the value of your business.
If you are looking for a business for sale, you have come to the right place.
A Succession Plan will help your business transition smoothly to the new owner – and derive more value. A Succession Plan clearly outlines your timeframe, expected sales value and identifies your targeted purchaser.
It is highly recommended to plan your exit early, the sooner the better. That way you have time on your side to maximise the value of your business for sale. Once your timeline is set you can then clearly set measurable targets to reach the full market potential for sale of the business.
STRATEGIC ACQUIRERS PAY MORE FOR BUSINESSES, so think about who would see strategic value in acquiring your business. Is it a competitor? A supplier? A customer? A similar or aligned industry?
It is important to know who your targeted purchaser is, perhaps your family members, an investor, a new working owner or your business team. There are many different strategies and planning solutions depending on your ideal purchaser.. So get planning your exit strategy – right now… You deserve the best outcome that you can get!
Most business owners find it hard to believe that they should start thinking about the sale of their business from the first day of acquiring the business – but they should. Even experienced business owners get swept up with the daily operation of their business, and other distractions of everyday living – and forget that one of the most important parts of owning a business is to PLAN THE EXIT IN ADVANCE.
Put together a team of advisors who can assist to achieve the outcome. The best team is the one which supports your exit strategy.
The need to have an Exit Strategy is clear… “Failing to plan – is planning to fail”.
Business owners must have the following important plans:
It’s actually pretty simple. Like any journey, we need to plan our final destination at the start of the journey, and then we can set a course, and plan the path to the end.
So, what’s involved? All that is required is to:
There are two important benefits that you will gain from having a Succession Plan. These are:
START UP
OPERATION & IMPROVEMENT
WEALTH MANAGEMENT
EXIT STRATEGY
Benchmark Business Sales & Valuations State of Market Download Q4 2023 Report
We have known John Kasapi from Benchmark for many years and when it was time to sell we immediately gave him a call
Selling a business can be a complex and challenging process, and when that business carries
Stay ahead of the curve with our weekly subscription to new listings! Get the latest opportunities delivered straight to your inbox, ensuring you never miss out on a potential business venture. Our curated EDM keeps you informed about the market’s freshest offerings, tailored to your interests and investment goals.
Sign up now to keep your finger on the pulse of the business world.
