When should I start preparing my business for sale?
When to begin preparing to sell
Experts recommend preparing as early as possible—ideally one to three years before listing. Early preparation improves financial records, business structure and customer base, making the company more profitable and attractivehttps://www.investopedia.com/articles/pf/08/sell-small-business.asp#:~:text=Once%20you%27ve%20decided%20to%20sell%2C,and%20a%20transaction%20more%20attractive. MidStreet stresses that buyers often require three to five years of clean financials and that SBA lenders usually need at least three years of tax returnshttps://www.midstreet.com/blog/prepare-financials-business-sale#:~:text=4%20Steps%20to%20Clean%20Up,Your%20Financials%20For%20a%20Sale. Starting early gives you time to implement improvements and resolve issues before buyers examine your business. Prime 100’s customer-focused advisors will help you decide if now is the right time and how to prepare your business for sale. Our team answers questions and guides you every step.