Is Summer A Good Time To Sell My Business?

Have you been considering selling your business? You may be wondering if the summer season is a good time to sell your business? There are lots of pros and cons to selling your business in the summer months. If you are considering selling your business, you should speak to an expert.

Here at Burgh Thorpe Solicitors, we have a team of professional and experienced corporate law experts. They have experienced of helping business owners sell their business and can help you make an informed decision. A decision that is right for you and your business.

Selling your business in the summer is often not considered to be the best time. This is because it is common for decision making to take longer due to school holidays and vacations for key stakeholders. There are potential B2B sales slumps at this time of year too. Generally speaking, July and August tend to see reduced buyer activity. However, if you have a high-performing business and can prove a strong consistency in sales, then your business can be sold at any time.

There are just some things to consider if you do choose to sell your business in summer. There is reduced buyer activity during the summer months as stakeholders take holidays. These buyer activities increase again in the early autumn months of September until November, or January and February. These months commonly show as a more buoyant time for business sales and purchases.

When looking to sell your business in the team, speak to the key members of the deal. Finding out when your accountant or corporate lawyers are on summer holidays is highly recommended. How does your corporate solicitor manage their workload when on holiday? Is it put on hold or passed onto a reliable colleague? Understanding this can help you avoid or plan for transaction delays in the sale of your business.

The best time to sell your business isn’t a set month or season. Instead, it is when your business is at its peak and have strong and consistent financial records. If you have a good business to sell, it will sell.

Looking to sell your business? Call our corporate law team now. They will happily talk you through the process and what to expect so you can feel prepared.