Not sure if you even have something sellable? This short assessment gives you a quick read on whether your business is a strong sale candidate, a potential candidate with preparation, or whether significant work is needed first.
1.Is your business consistently profitable?
2.Has your revenue been stable or growing for 2+ years?
3.Could the business run without you for a month?
4.Is there someone who manages day-to-day operations?
5.Are your key processes written down?
6.Is no single customer more than 25% of your revenue?
7.Would customers stay if a new owner took over?
8.Are your financial records clean and up to date?
9.Do you have 3 years of tax returns?
10.Are you free of major legal or tax problems?
11.Would key employees likely stay after a sale?
12.Do you have a genuine, positive reason for selling (retirement, relocation, new chapter)?