How Long Does It Take to Sell a Business?
There is really no simple answer. Selling a business isn’t like selling a house: put a price tag on it, list it, and wait for buyers to make offers. It is a complex process that takes a considerable amount of time.
This is a brief summary of the process and the timelines:
Preparation: 3-5 Weeks (Estimated)
• Preliminary meetings, valuation, determination of your objectives
• Interviews to learn about your business
• Gathering financial and other information from you
• Preparing the Confidential Information Memorandum and Information Teaser
Marketing: 3-5 Weeks (Estimated)
- Developing a marketing plan
- Conducting buyer research
- Qualifying buyers
- Evaluating offers
Working With The Buyer: 8-12 Weeks
- Negotiating the price, structure, and terms of the deal
- Managing the due diligence process
- Closing activities
Your Involvement
Since you are involved in many of these activities, the time it takes to sell your business also depends, to a great extent, on your commitment and available time. We realize you also have a business to run so it is understandable that your schedule may prolong the timeline.
Words are not enough to express our gratitude for Randy and Hammad at Alberta Business Exchange. From our very first meeting in late 2021 until closing day in June 2022, we knew they had our best interests at heart, every step of the way.
Wendy Docherty
I highly recommend Alberta Business Exchange when considering selling your business. We worked hard to build our business over 27 years and Randy and Hammad gave us the confidence to make the decision to use their expertise when selling our business.”
Stephen Wiebe
Alberta Business Exchange has developed a process that is easy to understand, and guides you through the necessary steps to sell your business without any added stress.
Susan Otterson
From the initial meeting till the very last moment, the ABE team was top-notch! I would recommend anyone who is looking to acquire a business, to contact the ABE team, you won’t be disappointed! They don’t deal like any other business brokerage, they make sure that the business is a perfect fit for the buyer. Thank you Randy, Hammad, and the entire ABE team for making our acquisition smooth!.
Awais Rafiq
Best in the industry! I had the pleasure of working with Randy and Hammad recently. The knowledge, attention to detail, and organization they bring to the table are unmatched and unheard of in this industry. I have bought multiple businesses in the past few years, I am impressed by the level of professionalism they offer, and my last transaction was the easiest ever I did so far. Thanks Randy and Hammad.
Kanwal Pandher
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