SELLER FAQ's

When is the right time to sell?
The best time to sell your business is when you don’t have to! We understand that selling a business due to financial hardship, health, family or other reasons is never ideal and should be avoided if possible. Attempting to time and sell your business when the economy is booming is a method that seldom works. As a business owner, focus should be devoted to what you do best: running the business! By increasing sales, managing expenses and boosting profits, you stand to increase the salability of your business to ultimately provide you with the highest return when the time comes to sell.

 

How much is my business worth?
Assessing value is a complicated process that requires careful consideration of many different aspects relating to a business. Omnium brokers have extensive experience in determining the most appropriate valuation technique to use. Contact us today to learn more about what your business is worth.

 

Why is confidentiality so important?
For a business to sell at it’s most optimal price, you need to maintain your operations as usual for as long as possible. If employees, customers, competitors or vendors pick up on a potential change in ownership, the impact can dramatically affect the likelihood of a successful sale or create a decrease in business value.

 

What does the name ‘Omnium’ mean?
The word ‘omnium’ has its roots in Latin and means literally ‘of all’. Omnium Mergers and Acquisitions prides itself on 4 key tenets: we are all inclusive, we handle all the steps of the sales process, we are all a seller needs and we address all the details!

 

How do you maintain confidentiality?
To maintain confidentiality, it is critical to use a professional intermediary who understands the process and is able to market the business in a confidential manner, while carefully controlling the release of information to attract the most qualified buyers. All prospective buyers are required to sign a binding confidentiality agreement. Omnium brokers use secured data rooms to store business financial data and intellectual property information throughout the sale process.

 

How long does it take to sell a business?
The entire process, from the initial seller assessment to the signing of the definitive agreement, typically takes anywhere from 6 to 12 months for the average business. Some businesses will take longer to sell, while others may sell in a shorter period of time.

 

What is the sales process like?
Refer to our ‘Selling Process’ page for more information.