Why the New Year is an ideal time to Sell!

Many people ask, when is the ideal time to sell my business?

 

There is no designated month of the year that brings wealth and success. So how do you know when it is the ideal time to sell your business? 

With 2017 wrapping up as neatly as a present underneath the Christmas tree, why not let the new year bring the change you’ve been looking for?

New year = New you!
Sounds good to us!

The new year can act as a fresh start. So why not begin with a step in the direction of your dreams?

Whether you’re a buyer wanting to be your own boss, or a seller wanting the lifestyle change that selling your business can bring, let 2018 be the catalyst you’ve been waiting for.

If you’ve always wondered what your business could be worth, or are looking for a change that sees you branch into a new industry, there is nothing more rewarding than growing your own business and reaping the rewards of your hard work.

By now you should have your 2016-17 end of financial year returns back from your accountant, so this means GMO can present your business with several years of comparative financial returns.  Also, once GMO introduces your business to a buyer and a written expression of interest is presented, you will be in good shape to produce your internal MYOB accounts for the December half- year as part of offer due diligence.

This makes the buyer far more confident and their banker better placed to lend for the business purchase. And remember, many prospective buyers have had time to reflect on their own life goals and aspirations and late summer is the time they and their partners and families are keen to change their own lives and strike out on their own business ownership journey!

GMO has a wealth of knowledge, experience and a book full of opportunities at present, that could see you making 2018 your best year yet! Contact us to find out more, on (08) 9481 4422

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