Are you preparing to sell your Lake Norman-based business? With ample outdoor activities and a bustling main street, the city continues to grow its diverse economy. If you’re considering exiting your Lake Norman, NC business, it may be the right time. Follow the steps below to begin preparing your business for sale in Lake Norman, NC.

PREPARE TO SELL A BUSINESS IN LAKE NORMAN, NC

Before you try to sell a business in Lake Norman, NC on your own, it’s important to think about the scope of the sales process and how you’ll accomplish each step.

VALUING YOUR BUSINESS AND SELECTING AN ASKING PRICE

Once you’re confident that you want to sell your business, determining a fair asking price is crucial. It can be hard to stay unbiased in your own company, so obtaining a third-party valuation is helpful. This way, you know your valuation is reasonable and can better defend it to potential buyers.

While it is common for sellers to want to value their businesses based on the time, hard work, money, and other resources they put into building the company, it’s important not to set the listing price far above fair market value. Instead, you need to find the sweet spot where both the buyer and seller feel like they have a good deal. At VR Business Brokers, we assess the state of the Lake Norman, NC market and your business to make recommendations that we believe will lead to a sale.

LISTING YOUR BUSINESS FOR SALE IN LAKE NORMAN, NC

Getting your business listing in front of the right people is one of the most important parts of the selling process. At VR Business Brokers, we put our decades of experience to work for you. Our experience spans a variety of industries, and we know how to use our network to connect qualified buyers with the right sellers.

NEGOTIATING AND CLOSING A DEAL IN LAKE NORMAN, NC

The process isn’t over once you receive an offer from a qualified buyer. Rarely does the buyer come in with an offer at your asking price, so it’s critical that you are able to negotiate the final sale price. Our brokers are experts at negotiating a fair price and closing the deal. They will advise you on when it makes sense to give a little versus when you should stick to your terms. We work to help both sides walk away feeling good about the outcome, so our advice keeps that objective in mind.

The length of the sales process varies greatly from business to business. Some sales could last months, while others may go on for years. Having the help of a professional business broker like VR Business Brokers of Charlotte can help you make sense of the process and stay focused on what you do best – running your business! Gain peace of mind and ensure that you’ll only meet with qualified buyers by contacting our team today!