“How long will it take to sell my business?” is a question we frequently field from business owners thinking about selling their company. Typically, it takes six to nine months to get to a successful closing. However, this can vary greatly depending on the many factors involved in selling a business. These factors include: business owner involvement in the process, professionals advising in the transaction, and the overall buyers’ market reception to the business. Many other issues can cause a transaction to be completed faster or slower than average, so we recommend sellers be prepared for challenges that may arise during the selling process.
The following chart shows what typically occurs during the various stages of the selling process using our methodology. Again, please keep in mind that the numerous pieces of the selling process may all vary from transaction to transaction in the duration they require to complete.