Sold: Small Union Carpentry and Millwork shop.
From preparing the business for sale, to listing, and through closing, this construction business garnered 1.5 times the dollars listed in the valuation. The time taken to sell this business also was under the national averages for Companies this size.
An Average Main Street Business.
The average small business will take 9-24 months to sell, and unfortunately 90% of the business listed will never sell. Why? Most due to the nature of small business itself, the Owners are the business, so if they exit...what is left? Another reason is the business is unprepared to sell, not ready from a people, process, product, or pricing perspective. Look to prepare your business to sell...not just a listing.
