It’s no secret that the pandemic took a toll on many small businesses last year. One of the hardest hit industries was the food and restaurant industry. Some were forced to close their doors for good while others had to pivot to a new way of operating. For those who weathered these past 13 months successfully, now may finally feel like the right time to sell a deli or bakery business to fund retirement or other business plans.
Our team at Alliant Capital Advisors specializes with assisting business owners who want to sell their business for its maximum value. We have successfully sold businesses of all sizes in all industries, including bakeries and delis.
In our decades of experience as business brokers we know there are always potential buyers, even in economic uncertainty. That’s because someone is always looking for a new opportunity.
For deli or bakery owners who want to sell, don’t forget these three things:
How attractive is your bakery or deli to potential buyers today? It’s possible that your numbers were down for 2020, but if you are already showing signs of recovery you’ll want to showcase that. Surviving the pandemic is already proof of your bakery or deli’s staying power, but be sure to organize your books, permits, licensing, etc.
Get An Opinion of Value
Immediate curb appeal is great, but ultimately potential buyers are interested in the true value of your business. Record all equipment you own and review your books. Use this to get a professional Opinion Of Value for your business. This will help you determine acceptable offers so that you are paid what your company is truly worth. Contact one of our expert business consultants for a free, confidential Opinion of Value.
Keep It Confidential
When it’s time to sell, keep confidentiality as a top priority. Doing this lets your business continue to operate as normal while you talk to potential buyers. Most business owners choose to work with a business broker when selling their company for this very reason. The right team of business brokers can market possible buyers confidentially. Though you may be tempted to tell more people to increase awareness, that strategy has the potential to backfire by making patrons and employees alike anxious about the change.
At Alliant Capital Advisors, our only business is selling your business confidentially. We also don’t collect any fees until after the deal closes, which allows you to continue to focus on running your business until closing.
If you’re looking to successfully sell your bakery or deli, contact us today. Our experts are ready to provide a free market value for your business.