You can't sell your business if you don't know how much it’s worth. Unless you have evaluated your business's worth, you have no way of knowing if you are getting a fair price. You may be able to sell your business quickly, at well below market value, but it's probably not worth the time you’ve saved.
The conventional wisdom is that a small business is usually worth some multiple of their annual cash flow or net income. Many other factors may affect the price, such as being in a desirable location, being in an industry poised to accelerate, recurring revenue, company reputation, and more.
It’s prudent to get an expert to do a high-quality valuation of your business. As a business broker I have vast experience at evaluating businesses and would welcome the opportunity to help you!
