Murphy Moment: How selling a business is like selling a house
Jun 28, 2024 6:35 pm
From the Desk of Josh Grode Wolters, MBA:
How Selling a Business is Like Selling a House
While few and far between, there are some similarities between selling a house and selling a business. Just as the condition of a home drives the price, so too does the condition of a business. When a seller goes to market, they may choose to simply sell it “as-is,” with no improvements. In that case, they expect a lower price than if they choose to invest in improvements. Those improvements can be minor—things like paint and flowers—or they can be more substantial, such as staging the house with new furniture or remodeling so it becomes a different property altogether.
Using a Murphy broker to help "stage" your business for sale can be crucial to realizing the maximum value for your company. Substantial improvements like these dramatically increase the selling price of a business.
I've personally helped buyers and sellers transact millions of dollars worth of businesses in the last decade. And, I've even been a part of one home sale! If you want to buy or sell a business, please contact us. If you'd like to buy or sell a house, you're welcome to still contact us, and we'll pass you along to one of our trusted partners that work in that space.
As always, I'm looking forward to hearing from you soon!
Happy Friday,
Josh
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JOSH GRODE WOLTERS, MBA
Business Intermediary
2121 W 63rd Pl, Suite 100
Sioux Falls, SD 57108
