Best way to go about selling a commercial services business?

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November 11, 2021

by a searcher from Texas A&M University in Montgomery, TX, USA

Purchased part of a company before pandemic to add to a start up. Trying to decide whether to take on investors, increase debt load or sell all together. Company revenues should be close to 800K in second year after $400K in first year.

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Reply by a searcher
from Texas A&M University in Johnson City, TN, USA
Jared, for DIY at this revenue, try Hire Your Buyer book. SBA will probably be important to your Buyer- you'll want to understand if your business qualifies. Some of the banks here on SF will "pre qualify" your deal for a potential Buyer.
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Reply by a professional
from Bentley College in Miami, FL, USA
I think the first question to ask is whether you are taking a DIY approach or working with a broker. That will determine the best next-step.
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