Fremont: You are burned out and ready to seek adventure, you want to start a new venture, you are retiring from the business, and you want your product to grow under someone else’s umbrella. The reason to sell your company may vary, but you will never want to give your baby to someone who kills it. Matching the right buyer with the right business is a painstaking process and the transfer of business ownership is time consuming. Several factors make it an attractive buy. But what are the things that you should know about the buyer of your business? Below mentioned are few such strategies that will help you find the most suitable buyer.

Get Formal Valuation

For both buyer and seller, the bottom line is what is your business worth? The seller ofcourse want a higher price for his business, but this may raise red flag scaring away potential buyers. You may not be able to predict the correct valuation of your company. You will either under rate or over rate it, thus creating a chaos for you and the buyer for settlement. It is better to consult a business valuation expert to provide you the correct valuation. The expert will look at data like financial reports and business assets to determine a fair value for your business. This will help you to substantiate your expectations with facts and figures. The valuation of the firm is determined by compilation of factors such as sales, earnings, performance, market, outlook, personnel, net book value and several others.