You’ve been in the landscaping business for years. You built it up from nothing, and it’s now a well-oiled machine. But you’re ready to move on to something new, and that means selling your business. Here’s how to do it.
1. Hire a broker – Trying to sell your business on your own is a recipe for disaster. You need someone who knows the ins and outs of the process and can get you the best price possible. Find a reputable broker who specializes in selling businesses like yours and give them a call.
2. Know your worth – Before you start talking to prospective buyers, you need to know how much your business is actually worth. Do some research and find out what comparable businesses have sold for in the past. This will give you a good starting point for negotiations.
3. Get everything in writing – Once you’ve found a buyer who’s willing to pay your asking price, it’s important to get everything in writing. Have a lawyer draw up a sales contract that includes all the details of the transaction, such as price, payment terms, etc. This will protect you in case anything goes wrong down the road.
Selling your landscaping business doesn’t have to be stressful or difficult. Just follow these simple steps and you’ll be on your way to closing the deal in no time.