The year is still relatively new, but time may already be running out to sell your business.
Selling a business takes time, typically six months from listing to settlement. If you want to sell in 2025, don’t wait for your end of year accounts. Starting the process now ensures you have enough time to secure the right buyer and maximise your sale price.
The sale process: what to expect
- Selling a business isn’t as simple as selling a home. The process involves multiple stages, each requiring careful planning:
- Initial consultation: gathering key business information
- Appraisal and listing: this involves setting a sale price and launching the process
- Information memorandum: creating marketing content to attract buyers
- Buyer engagement: screening and introducing all potential buyers to clients
- Negotiation: involves agreeing terms and signing a sale and purchase agreement
- Performing due diligence: buyer investigations and condition fulfilment
- Settlement and handover: finalising the sale and assisting with transition
If you want to sell and exit by the middle of the year, act now! Delaying could mean missing out on the best buyers or being rushed into decisions that don’t maximise value.
Hidden cost of waiting
Many business owners assume they have plenty of time, but delays can have serious consequences such as:
- More time on the market: buyers may see your business as undesirable
- Market changes: economic shifts could impact demand and valuations
- Burnout: owners who wait too long often accept lower offers due to frustration
To determine if your business is in the right shape to sell, contact me, Jamie Smith, for a no-strings-attached appraisal.
I will then assess the health of your business, helping you understand its market readiness and potential value.
Whether you’re planning to sell soon or just exploring your options, this appraisal provides clarity and confidence without any obligation.
Don’t wait for year-end accounts
It’s a common misconception that we must wait for finalised financials before listing. While accurate financials are important, they are not required to start the process. The sooner a business is on the market, the greater the opportunities to attract serious buyers. Financial details can be refined along the way.
Act now for the best advantage
Selling a business isn’t just about finding a buyer, it’s about securing the right deal. Starting early allows you to:
- Avoid those stressful, last-minute sales
- Gain more exposure and attract multiple offers
- Strengthen your negotiation position for the best price
- Find a buyer aligned with your business values and vision
Prepared businesses with clear documentation sell faster and at better prices. As buyers look for confidence and transparency, starting now will put you in the best position.
Start the conversation today
If selling in 2025 is on your mind, don’t wait! As a business broker and former business owner, I can guide you through the entire process, from appraisal to settlement, ensuring a smooth and profitable transition.
Let’s discuss your goals and strategy today.
Contact me – 029 770 2113 or jamie.smith@linkbusiness.co.nz – to start planning your exit.
