One of the top reasons why a business owner might sell is due to retirement. As older generations begin to hear a calling to Florida or California, they need to ensure their business is still intact long after they’re gone. A business owner’s retirement is fueled by the profits from their business, so finding a confident successor is of the utmost importance to them.

A wise buyer examines all aspects of a potential seller by examining the company’s attributions. If purchasing a restaurant is what a buyer is looking for, they might want to consider the business’ location, its profitability. There are many intangibles for a business buyer to examine.

Hearing about a change in ownership can be devastating to your employees. Whether a company is being bought or conducting a merger with another business, rumors can spread and as the saying goes, “Loose lips sink ships.”