Selling A Business In San Antonio? One of Our Expert San Antonio Business Brokers From CGK Business Sales Will Help.
Do you own a business in the San Antonio area? At some point during the lifetime of your business, you may wonder if the time is right to sell. While only you can answer that exact question, there are certain times that are better than others. For instance, selling while revenues and earnings are on the rise is almost always preferable. However, this isn’t always possible. If you were to sell, how would you do it? While selling a business is almost never easy, we have the kind of experience and expertise necessary to guide you through the process. We are expert business brokers in San Antonio. We have decades of combined experience selling businesses in Central Texas. We have sold businesses in nearly every industry. Chances are, we have sold a very similar business to yours and likely have a list of buyers that would be willing to buy your business. What about if you’re looking to buy a business? We can help there, as well. We help businesses buy other businesses and help those from corporate America become new business owners. We love selling businesses in San Antonio! CGK’s expert San Antonio business brokers will help you get through your next deal!
When Is The Right Time to Sell?
While there is no exact formula, there are better times to sell, than others. Certainly, selling when revenues and owner’s cash flow are on the way up is better than selling when they are on the way down. How long an owner has left in their working life is another consideration. Remember, a buyer will ask you to sign a non-compete. Another good time to sell is when a business owner is approaching retirement. This is especially true if the business is cyclical and the cycle has been particularly strong for a while. It is best not to wait for that next recession to try to sell. So if you are approaching retirement or simply burnt out (which is upwards of 40% of the reason why small business owners sell), if you can, please give us a call well in advance. By talking to one of our San Antonio business brokers early in the process, we can plan in advance for any changes that might need to be made to get the business sold. Through planning, we can make sure the deal is as smooth as possible. If you haven’t had time to plan for a sale, don’t worry, this is very normal and how most of our businesses are sold.
Do I Need One of CGK’s San Antonio Business Brokers? Yes, You Do.
Selling a business is one of the more complex deals in the business world. While you may have been approached by a buyer or buyers in the past, getting a deal across the finish line is a very different story. Many of those buyers are tire kickers, not financially qualified, not ready to pay a market rate, or unwilling to give you fair terms for your business. There is a reason why the acceptance rate for first-year investment banking analysts at Goldman Sachs is lower than the acceptance rate at Harvard. While your deal may be magnitudes smaller than those worked on by Goldman, it will be nonetheless complex. There are banking, business valuations, legal, due diligence, and accounting complexities that must be taken into consideration. We usually find multiple buyers for your business and will introduce a bit of competition to the process, to ensure you get, not only the best price, but the all-important, best terms. Plus, we will find the right buyer for your business. One that will take care of your employees and continue the legacy that you worked so hard to build. Our banking, legal, and accounting contacts ensure a smooth process while we will “quarterback” the entire deal, keeping it on track. We make it easy for you to buy or sell a business.
Ready to Buy?
While our main focus is to help sellers, we also help those who want to buy a business. Are you a business owner who wants to expand through acquisition? We can help. We will find a competitor within your industry to buy, or possibly a business within your supply chain, for vertical integration purposes. If you’ve been grinding on the corporate ladder for years, and now it’s time to be your own boss, we can help, as well. What we can’t do is determine exactly what type of business is right for you. So before you call us, please have your preferred criteria for buying a business nailed down. Some of this will depend on your prior experience, as lenders prefer that you have some industry experience, or at least experience as a business owner, before they’ll make you a loan. If you would like to find a business to purchase, please contact us and we can help put you together with the right kind of business for you.
How About Business Valuations?
If you are not ready to sell, it might be important to have a business valuation. Unlike real estate, most businesses, have little in the way of hard assets. The bulk of most business’ valuation is the in the form of goodwill and intangibles. What are those worth? While it’s hard to put a finger on, say, what a business’s reputation might be worth, this is an important element of what makes your business valuable. We have some of the best credentials at this level to give you a realistic view of why your business is worth what it’s worth. We’ll show you our proprietary valuation system, which includes what a buyer might be willing to pay, what a bank might be willing to lend, and at what price a third-party, arms-length, business valuation would determine. All three of these different stakeholders need to work in some sort of concert, or else the deal will likely fall apart. While these are also known as a business appraisals, valuations are how a business’s worth is determined. Business valuations can be complicated, as a true valuation includes a lot of different, important details. A business valuation will also help you prepare for a sale. We will uncover not only the quantitative aspects, but go over qualitative aspects that make a business more valuable in a buyer’s eyes. Many folks find these business valuations very informative. We think you will, too. Our business valuation experts will give you a formal evaluation of your business. This determines the correct selling price, so that you have a realistic expectation of your business’s value, when it’s time to go to market.
In Summary: We are your San Antonio Business Brokers.
CGK Business Sales are the best San Antonio business brokers and mergers and acquisitions advisors in the San Antonio TX area. Most San Antonio business brokers tend to be inexperienced in higher levels of finance and M&A. We only hire the best business brokers or former investment bankers, ones with better credentials, schooling, and the highest levels of financial acumen. Don’t you want the best for one of the most important financial decisions of your life?
We sell businesses at better prices and terms than any of the other San Antonio business brokers or mergers and acquisitions advisor due to our top-notch, proprietary process. Put us to work for you and see how and why.
While only 20% of small and medium-sized businesses actually sell, we sell 85%+ of our businesses. This is because our mergers and acquisitions advisors have excellent finance, academic, and industry backgrounds. People trust us to sell a business in San Antonio.