Whether you’re seeking additional capital for your business or considering an outright sale, investors are looking for franchises with good brand recognition and market position, a strong balance sheet, and a laser focus on becoming best in class. Are you thinking about making a move? Here are five tips to consider before hanging out the “for sale” sign.
- Prepare your business well in advance of a sale.
- Look for cost efficiencies and clean up the balance sheet.
- Showcase your business’s culture.
- Find and remove potential impediments to a smooth transaction.
- Find a strategic advisor with significant involvement in similar transactions.
Once your business is ready to show, we recommend considering a private equity investor. These firms have extensive resources that can take your business to the next level, including financing, strategic alliances, and purchasing power.
