If you’re considering selling your Alberta business, you need a proven process and resources to get the best results. We service a wide range of areas including Edmonton, Calgary, Lethbridge, Grande Prairie, Red Deer and more. Reach out to us today to schedule your free one hour consultation with one of our experienced business brokers.
If you’ve been asking yourself, “Am I ready to sell my business?” more and more often, chances are it’s something you should start exploring in earnest. A good first step is to use our free business valuation calculator to get an idea of whether the numbers add up to an opportunity.
A good time to sell is when you are experiencing healthy sales and earnings and you are seeing an upward trend. This way you are in a better position to find buyers looking for a safer investment where they’ll see continued growth in future earnings.
Valuing an Alberta business can take three approaches:
Considering the earnings potential and profits a business can earn.
Financial metrics applying various multiples such as financials, market conditions, sales trends, and intellectual property.
This approach tends to look at either the adjusted book value or liquidation value of assets.
Should I Use a Broker to Sell My Business?
Yes, a broker protects your best interests and uses due diligence to ensure your business is valued properly. They’ll provide a professional Broker Opinion of Market Value (BOMV) and walk you through the entire process.