It’s been a challenging season for many businesses. Here at Viking, we are getting asked a lot of questions about how to navigate the current markets. The most common question being asked: “I want to sell my business but is now a good time?” We love this question because it’s a very important one to ask, especially right now.
We are fortunate to work with so many different types of business owners who have been very successful. But the one common thing thread many of them share is this:
They all took the plunge and acquired their first business and that has created many opportunities for them and their families for long term success. For many Americans, owning your own business is a dream. Its offers challenges and benefits to all who take this path. For those who can stay the course and grow their business it is a great decision. Perhaps It affords them the opportunity to send their kids to great colleges. Perhaps providing them the chance to have enough extra income to invest in real estate or charities that matter to them. For business owners who succeed in growing their business it can incredibly challenging but also incredibly rewarding. Along the way all owners are challenged by unforeseen market shifts.
As 2020 hit we saw markets shift much quicker than expected. Some of the smartest minds in the world did not foresee how COVID-19 would impact the economy. While some industries are shrinking others are growing rapidly. The entrepreneurial spirit is alive and we are fortunate to work with some of the best owners out there.
Most business owners are actively reevaluating options in new ways and maybe sooner than expected. We tell business owners that it’s always good to have options. The good news is that we also provide free business valuations so you will know exactly where you stand and how to navigate towards those next steps.
Confidentiality is our highest priority and we ensure NDA’s are in place for all involved in the process of selling a business. As a result, the candidates we will present to you will not be a waste of your valuable time. They are qualified and motivated to work with you to ensure a best outcome for all involved. We are glad to say that as we all reemerge and reopen across the country, now could be the opportune time to sell your business, realize the fruits of your labor and secure your future for you and your family. If you have a desire to understand the current value of your business, we will gladly provide you with a free business valuation and help you navigate your next success.
Viking Mergers & Acquisitions was established with the vision of providing customized exit strategies and M&A services to middle market business owners. Since their inception, Viking Mergers & Acquisitions has sold over 600 businesses. Viking Senior Advisors have 334 years of collective experience in business transactions and over 75% have owned a business of their own. Viking proudly boasts a closing rate that is 3x the national average.