How to Sell a Business Fast
- 1
Selling inventory increases liquid assets.Depository image by Czintos ?--d??n from Fotolia.com
Reduce stock on hand. Selling off your inventory will improve your cash flow, resulting in the reduction of the asking price of the business. - 2
Selling off furniture and equipment improves cash flow.Furniture royal antique image by astoria from Fotolia.com
Inventory equipment, furniture and fixtures and sell them. A new buyer will update the furniture and equipment anyway. Your cash flow will improve with the sale of these assets and you can lower your asking price. - 3
Reduce business liabilities by paying down accounts payable.business accounts blank image by Nicemonkey from Fotolia.com
Streamline business liabilities. Pay off as much as you can. Don't frighten off potential buyers with a large number of accounts payable. - 4
Transfer overdue accounts to a collection service.Time is money - calculator, hourglass and dollars image by Elnur from Fotolia.com
Review accounts receivable and assign overdue accounts to a collection service. A buyer will expect a business to have active accounts. Prepare financial statements for viewing. - 5
A team effort results in a quick sale.team image by Sonja Janson-K??rwers from Fotolia.com
Organize a team. Involve your attorney, accountant and business broker in formulating a fair market price for the business. For a quick sale, reduce this price by 10 percent.
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