When Is Best Time Of Year To Sell My Business In Orlando?
As business brokers working in the Orlando area for close to two decades, business owners ask us when is the best time during the year to sell their business. It’s an excellent question. When should a business owner looking to sell put their business on the business for sale market? While there are some periods that are busier than others, the reality is that if a deal is good it could find an interested buyer at just about any time of year.
In the past it was generally thought that the busy times of the year for the business brokerage industry in the Orlando area was January through March or January through May and then in the fall things would pick up in late September and October and November before Thanksgiving. Historically transactions and business brokerage interaction slow down during the summer months June through August or before school sessions start and after the Thanksgiving holiday to December.
Things have changed however ever since people have better communications through email, phones and computers and are able to receive information whether they are. Whether people are on a vacation in China or they are taking a week off from work, they can receive information on businesses for sale in the Orlando area. Besides the Orlando area and the Central Florida area is located in warm climate where business for sale deals are transacted year-round. We never have cold hibernation periods so business deals and real estate deals occur year-round in Florida.
The schematics of how a business is put together however still applies. The business brokers at Crowne Atlantic can sell businesses in Orlando at any time of year, but business sellers have to be ready with their most up to date information in order to get the best price. Having all of the up to date information from the current year available and from previous years will help a business seller get an offer on a business during just about any time of year.
This information includes:
1) Financial records from the current year (year to date)
2) Financial records from the previous three years in business, or any previous years that apply
3) Information on the lease for the business premises or property for sale
4) An Equipment and Asset list
The financial records that buyers ask for typically include tax records, profit and loss statements, and balance sheets. When a business owner has these financial records available it makes selling a business easier, quicker, and less dramatic because buyers feel much more comfortable that the business is a smooth-running system and they feel that running system of business will continue after the transaction occurs.
Business buyers ultimately want to purchase good businesses. No matter what time of year it is in Orlando, business buyers are typically up for a transaction if the deal is right. Business sellers just have to make sure they have everything ready if they want a deal to go quick and smooth.
If you or someone you know is looking to sell a business in the Orlando area at any time of year, have them call the Orlando Business Brokers at Crowne Atlantic at 407-478-4101 or check out our website at www.crowneatlantic.com.