How Long Does it Take to Sell a Business?
The process of selling a business, from the preparation of the marketing documents to obtaining a check at the closing table, usually takes about eight to twelve months. There are many steps involved in this process – so many steps that have to occur in a certain sequence – that many sellers are often surprised at the complexity. It’s sort of like elective surgery to correct a health problem. If you knew all the steps involved in the actual surgical procedure, you might not elect to go through with it. But, you keep your ultimate goal in mind, and just proceed through the steps – one at a time.
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By Tom