/ Blogs / Top Seven Reasons Why Business Owners Sell Their Businesses ?

Added on : 2023-12-06

Top Seven Reasons Why Business Owners Sell Their Businesses ?

Reason number one for selling a Business.

 Retirement: The number one reason for selling a business is that the business owner is looking to retire. Having spent years of their life creating, growing, and profiting from the Business, they want and deserve their final reward following the successful sale.

Reason number two for selling a Business.

Health reasons: Ill health of the business owner or the family can be the unplanned reason for deciding to sell the Business. The business owner's health is an essential factor in selling a business.

Reason number three for selling a Business.

Exhaustion or burnout of owner:The number three reason for selling a business is that the business owner suffers from tired eyes, also known as exhaustion or burnout.

Having spent years of their life running the Business, dealing with the taxman, dealing with personnel, never-ending paperwork and administration, late payers and cashflow problems, they just want out and to be free of the Business. 

Reason number four for selling a Business.

Boredom: Many a business owner gets bored with doing the same things every day. They daydream about doing something new. Then there are business owners who don't enjoy what the Business has become.

Reason number five for selling a Business.

Relocation: A business owner may wish to sell the Business because they want to relocate to another country, where the cost of living is lower and where there is a better quality of life. We have one business owner who sold and has emigrated to Thailand, where he has had a fishing boat built, and he spends his days out in the ocean fishing!

Reason number six for selling a Business.

Business becomes unprofitable: Once a business becomes loss-making, it is a sign that it is time for the owner to sell the Business. The business owner may not have the will or the money to make the Business profitable again. This can be an opportunity for a new owner to introduce of new ideas or new strategies.

Reason number seven for selling a business.

Built to sell: Entrepreneurs build businesses to sell for a profit. Business owners with the skill set to build a great business, will create businesses systems that are scalable, management teams in place, and customers in place.

Thinking of selling your Business?

We are committed to selling your business for the highest price, in the shortest time, confidentially with No Upfront Fee Guaranteed. If you would like a cost-free, confidential, no-obligation discussion please call Abercorn Business Sales on 0800 246 13 13, we look forward to speaking with you.