How long does it take to sell a business?

It depends on several factors including, current market conditions, industry, and asking price compared to earnings, just to name a few. One common factor on how long it will take for a business to sell is the size of the transaction.

Size matters - small and medium-sized businesses with strong profits tend to sell faster than larger businesses. In large urban markets it can take anywhere from six to eight months. In less populated areas, twelve months or longer is typical. Some businesses sell faster than others for a multitude of reasons. Be prepared to spend anywhere from six to eighteen months in the market before the right offer is negotiated, accepted, due diligence completed, and the final purchase agreement is signed by both parties.