“ My business is distressed. I'm not sure it can be sold. What are my options?”
In Steps 1 -5 of the Sellers section, we reviewed just about every aspect of selling your business. We hope your questions have all been answered, or that you have scheduled an appointment with one of our brokers to discuss them.
But what if you've been through this entire section and the question is still lingering in your mind: "Can my business even be sold?" There may be several reasons that would cause you to conclude that your business may not be able to be sold, but they all boil down to the fact that it probably:
has lost money for several consecutive years
has a considerable amount of debt
shows a seriously declining sales trend
is in a failing industry
Whether or not your business can be sold is a function of what a buyer would be willing to pay for it. If any or all of the above is true about your business, you need to be prepared to follow a more aggressive course of actionfor selling it and we know how to help you if you're ready to take the necessary steps.
To schedule a Selling A Distressed Business Consultation, just complete the form to the right. During the consultation, we will will determine if your business is in fact distressed, and develop an appropriate course of action to list it for sale.