Transition My Business

5 insights for business owners considering a sale

The natural economic cycle of growth, downturn, and recovery often spurs merger and acquisition activity at different points. On the recovery side of the pandemic, we are seeing those trends multiplied by the unique conditions of these times: excess liquidity following pared-back activity; buyers looking to get ahead of upcoming growth; a hot market that has prices increasing; and owners more open to a business sale after a challenging year and time to reflect on their life goals.

For owners who are contemplating a sale, either now or at some time in the next few years, here are some things to think about and plan for:

As a business owner, the best thing you can do is build a team of experts you can trust. That’s doubly true when thinking of a sale. Most owners have only bought or sold a business once, if ever. Alerus advisors who experts in finance and business strategy. They have seen what works for countless businesses, and are tied into networks of other specialists you’ll want on your team. Come see us today.