This week on IHAQ, we welcomed back Erin O’Leary. Erin is a Business Broker for BayState Business Brokers.
Sticking with Erin’s area of expertise, we asked her how long does it take to typically sell a business?
Erin gave a detailed answer on all the different steps involved in selling a business.
First, you need to have your business evaluated. Evaluations typically take two weeks. After that, it’s time to go to market, and it can take another three weeks to put together all of the relevant marketing materials.
From that point forward, it usually takes 6-9 months from bringing the business onto the market to actually selling the business.
Of course, the timeframe depends on each situation, but a 9-12 month timeline is a good starting point if you’re realistically looking at selling a business.
