Estimating how long a business sale will take can be challenging. It depends on a variety of factors, including industry, location, finances and more. From writing the Selling Memorandum to closing escrow, several variables will effect the process.
BizBuySell.com’s recent time to sell data does show that small businesses are selling faster than in previous years. Over the past two years, the median time to sell a business stands at about 172 days or close to six months.
By setting a realistic timeline, sellers can create an actionable plan, complete all the necessary steps, and ultimately, receive the best return for their business.
Selling a business is a task that requires specialized skills, the right team, and an understanding of finding buyers that match your business. Want to learn more? Contact one of our business brokers today at 1-800-BIZ-BROKER.