Your First Buyer-Seller Meeting

Your First Buyer-Seller Meeting: What to Expect and How to Prepare

Tap Snap

TapSnap Case Study (no BBS)

How TapSnap went from stalled to Sold on Baton

Doc Thompson sold plumbing company case study

Doc Thompson Plumbing Case Study

How an owner sold a plumbing company on his terms & focused on his interests

A business owner tends to her studio while pondering the best way to sell her business

Business owner wondering how to sell a business

There’s a better option for selling your business than a local business broker

Small business seller responding to due diligence checklist

Due diligence checklist acquisition

Negotiating your small business sale: What you need instead of a due diligence checklist

A great collection of resources for when you want to sell your small business but don't know where to start.

Business owner resources for selling a small business

Owner's Guide: Best resources for how to sell a small business

Comparing the results from various business valuation calculators for your small business can be challenging but important for getting a well-rounded understanding of its worth. Here's how you can effectively compare the results. 

How to Compare Business Valuation Calculators

Selling a business involves several steps, and a business broker plays a key role in facilitating the process. Here are the typical steps a business broker takes to sell a business.

How Business Brokers Value a Business: A 10-Step Guide

If you’re a business owner selling a business for the first time, you likely have several questions about how to value a business. There are several methods for valuing a business from online business valuation calculators to outsourcing your sale price to a business broker. Baton Market, an online marketplace for buying and selling small businesses, leverages both digital and expert resources to help you achieve an accurate listing price. Business appraisers use a variety of methods to appraise a business, depending on factors such as the industry, size, and purpose of the appraisal. Here are some common approaches.

How Business Appraisers Value a Business

Business credit scores are numerical representations of a business's creditworthiness, similar to personal credit scores but tailored specifically for businesses.

Business Credit Score Explained

Business credit scores work similarly to personal credit scores but are tailored specifically for businesses. They are used by lenders, suppliers, and other creditors to assess the creditworthiness of a business and its ability to repay debts. Here's how business credit scores work.

How do Business Credit Scores Work?

The cost of a business appraisal can vary widely depending on several factors, including the size and complexity of the business, the purpose of the appraisal, the methodology used, and the expertise of the appraiser. Generally, business appraisals can range from a few thousand dollars to tens of thousands of dollars.

How Much does an Appraisal Cost

How Much does an Appraisal Cost?

Selling a business within a specific timeframe, such as six months, requires careful planning and execution. While several factors can impact the timeframe of your business sale, Baton’s business brokers have outlined a plan to help you achieve a speedy outcome. 

The Fastest Way to Sell a Business

The time it takes to sell a business can vary widely depending on various factors such as the size and complexity of the business, market conditions, industry trends, and the readiness of the seller. What might be considered a "short" amount of time to sell a business for one seller might be lengthy for another. However, typically, a short amount of time to sell a business could range from a few months to a year.

Some businesses might sell relatively quickly, especially if they are highly desirable, have strong financial performance, and are located in a thriving industry or market. On the other hand, businesses that are less attractive to buyers or are facing challenges might take longer to sell. Baton’s team of business brokers has assembled a guide for optimizing your business sale to reach a fast deal.

Sell my Business Quickly

A Letter of Intent (LOI) is a document that outlines the key terms and conditions of a proposed transaction between a buyer and a seller when selling a business. While it's not legally binding like a contract, it serves as a formal indication of the parties' intention to proceed with negotiations. Here are the key elements typically included in a Letter of Intent for selling a business.

LOI Explained

Finding businesses like yours for sale can be a helpful benchmark for conducting your own business valuation. Keep in mind that several factors such as location, market conditions, and timing may cause price variations. Baton’s business brokers list new businesses every day. Here are the Baton team’s suggestions of where you can find businesses for sale that are similar to yours.

How to Find Businesses like Mine for Sale

Deciding when to sell your business can be a complex decision influenced by various factors. Baton's team has compiled a list of the most common reasons small business owners decide to sell their businesses. Here are some indicators that it might be the right time to sell.

When Should I Sell My Business?

There are many approaches to selling a business whether through an online marketplace like Baton or utilizing your personal network. Regardless of your approach, Baton’s team of business valuation and sales experts has compiled a 10-step checklist to selling your business. Completing these action items will set you up to sell your business on your terms. Let’s dive in. 

Selling a Business 10-Step Checklist

Determining the value of your business involves a combination of financial analysis, market research, and consideration of various factors specific to your business and industry. Baton's team of business sales experts have assembled a list of common methods used to determine business valuations. 

How to Value my Business

Congratulations! If you’re googling “how capital gains tax deferral works”, that probably means you recently sold your business. Capital gains tax deferral allows you to postpone paying taxes on capital gains from the sale of an asset by reinvesting the proceeds into a similar asset within a specified time frame. This strategy is often used in real estate and investment contexts to defer taxes and potentially increase investment returns. Baton’s team of business sale experts has assembled an introduction to capital gains tax deferral.

Capital Gains Tax Deferral 

Selling your business as a small business owner is a complex undertaking and likely a skill you haven’t needed to develop yet. Whether you sell your business to an employee, someone in your network, to a stranger online, or through the help of a professional, Baton market’s team of experts has outlined the initial steps you can take on your own. Baton combines a traditional online marketplace approach with the expertise of in-house business brokers to help you find a motivated buyer quickly.

How to Sell a Business in 5 Steps

ASAP Pharmacy: The Team is the Asset

ASAP Pharmacy Case Study

How Baton helped pharmacy owners find their “honorable successor” and retire on a high note

So, you’re a small business owner considering selling your company. The sales process is an involved journey requiring many steps before and after your actual sale. 

Sell my Company

As a small business owner, one of the most crucial steps in selling a business is determining an accurate sale price. Whether you start the process with a business broker, online business valuation calculator, or reaching out to your own community, a combination of these strategies will help you understand your sale price range. 

Sell

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