When is the right time during the year to sell your business in Orlando?
As business brokers working in the Orlando and Central Florida area for close to years we often get these questions from potential business sellers:
- When is the best time to sell a business in Orlando?
- Is there a good strategy time a sale sell my business in Orlando and exactly when I want?
- Should I wait until next year to sell my business?
- If I list my business for sale in Orlando now, how long will it take to sell?
First thing is first, if you have to sell your business then you have to sell. With modern technology most of the forums that business brokers use have alerts that potential buyers can sign up for meaning that whenever you decide to sell hundreds and potentially thousands of buyers will be notified. It is also helpful to pick times of the year when people are generally working. Obviously if you put your business up for sale right before New Years or the week of July 4th there may not be as many buyers but if you have a good business that is well-priced any time could be a good time. Avoid weeks with major holidays, big vacation time periods, or the weeks of school year registrations and graduations for the best reach upon launching the business for sale.
January to May is generally a good time period of year to sell a business in Orlando. Many people are working on their New Year’s resolutions to sell or buy a business in Central Florida. The drawback with this time period is that many business owners have not completed their tax records until mid April which can slow up the selling process. The period of time between the second half of September to the week of the Thanksgiving holiday in November is also a good time period when selling a business in Central Florida. The reality is that the Orlando business brokers at Crowne Atlantic have put businesses under contract at almost any time period on the calendar. So it’s best to stick with selling when you need to sell. If it’s a good business at a good price it might be able to sell at any time of year.
There are only a few instances where waiting until the following year might be beneficial for a sale. The main reason a buyer might want to hold off on selling is to reflect the sales and profits they have earned over the year on their tax records in an effort to receive higher offers from potential buyers. Another reason to hold off on selling a business in Orlando is if a business has too much in inventory or assets to the point where a sales price might need to be unusually high to cover these expenses. In this instance sellers might want to hold off on a sale until they can sell off some of the extra inventory or assets that the business has accumulated but ones that are not necessary to run the business currently.
If you or someone that you know is looking to sell a business in the Orlando or Central Florida area such as Orange, Osceola, Seminole, Brevard, Volusia and Lake Counties, call us at 407-478-4101 or check out our website at www.crowneatlantic.com.
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