Selling Your San Diego Business in 10 Easy Steps

San Diego is a great place to start, grow, and sell your business. Take advantage of a city that boasts a large population with diverse needs and a growing infrastructure. Selling your San Diego business is an entirely new challenge. Once you’ve created something you’re proud of, consult your choice of San Diego business lawyer and refer to this guide to sell your business for a high price. While a wealth management firm can handle many of the details of selling your San Diego business, it is important that you understand the process yourself to maximize your profits.

There is a great deal of preparation involved in maximizing profits when selling your San Diego business. Familiarize yourself with our ten basic steps for a successful business sale. Discuss with your choice of San Diego business lawyer or consultant to determine the correct approach to each step based on your unique business model. Peruse the rest of this site to enhance your understanding of the process of selling your business. The following are ten steps to selling your San Diego business:

Selling Your San Diego Business in 10 Easy Steps

Testimonial
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Vicky P.
Steven is a fantastic lawyer - not just because he won me a nice settlement last year but because he never tries to nickle and dime me. He is very easy to get in contact with and has offered me plenty of free advice that has saved me a lot ...
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Absolutely wonderful. Was honest about my situation and didn't push me for services since I didn't need them. Helped me out with one question and didn't charge me.
Paul F.
Mr. Riznyk is by far the most well rounded attorney that I have had the opportunity to meet. His experience and negotiation skills are two things you must have on your side when dealing with any business litigation matter. He was very willing to help even late in the day ...
Martin R.
I was very happy with my free initial consultation with the lead attorney at San Diego Biz Law. He was very knowledgeable, and he gave me considerable useful information.
Justin C.
Mr. Riznyk was very outgoing, professional and very considerate and compassionate. Handled my situation and i will never look for another attorney.
Anthony T.
Probably the most informative 10 minute conversation I have ever had. I had some questions regarding the new h1b restrictions and it's impact on future physicians and Steve was able to spell it out for me in a very concise manner. I'm so happy I just decided to call, because ...
Doralice F.
A "Lawyer in Style" is probably the best way to describe my experience with Mr. Riznyk.I had an issue with my Home Owner Association, where I found them in violation of the very governing documents they are supposed to uphold. I had to get a legal advice on the ...
Garik M.
Since i moved here from Los Angeles a few years ago I didn't know many lawyers but a good friend recommend that I meet Steven Riznyk from San Diego biz law. My meeting with Steven was excellent. He understood my problems and assured me that all that was ...
Ron G.
I never felt alone along the process. Whenever Mike or I had any confusion it was promptly cleared up by the lawyer’s office, by either the lawyer Steven Riznyk himself or his very capable and friendly assistant, Emily Butler. Many thanks for sticking with us throughout the application process. Since ...
Daniela G.

 

  1. Select a team who will take charge of selling your San Diego business. This will include a lawyer, financial planner, accountant, business consultant, and wealth management firm.
  2. Make your business attractive to buyers. Position and market your business based on what is important to prospects.
  3. Locate prospective buyers. Learn their priorities in order to gain leverage for an optimal  negotiation position.
  4. Encourage multiple bidders. Multiple prospects will result in a bidding war and drive up the price of your business.
  5. Work with your San Diego business lawyer or wealth management firm to find the worth of your business under several valuation models.
  6. Explore different deal structures and learn their advantages and disadvantages, such as stock, cash, up-front, and earn-out. Your wealth management firm can help you choose  the most profitable deal structure. We can refer you to a San Diego wealth management firm.
  7. Learn effective negotiation. Familiarize yourself with your role and the roles of others in the process of selling your business. Incorporate the guidance of your business consultant, wealth management firm, and business lawyer. San Diego offers many choices of business lawyers, business consultants, and firms.
  8. Hire a business consultant to analyze your business processes. Whenever return of investment can be increased, your bottom line is increased. We can help you with issues in business process re-engineering.
  9. Sell for a high price by making your business sustainable. Practice excellent customer service and communication with both prospects and employees. Offer your staff job security after the sale to keep your business functioning at its best.

Prepare yourself for the closing sale and learn what to expect.

Consult your San Diego business lawyer to ensure you get the most out of your closing sale: (619) 793-4827