The business brokers at Harvest Business Advisors have worked with several IT companies, finding individual buyers or companies interested in a merger for these sellers.
In many ways, selling an IT company is no different than selling any other companies. But the IT company owners need to consider a few key characteristics of these sales, as discussed in this short video:
As with any other business, maintaining profitability is critically important, as well as implementing services that would result in recurring revenue.
Having all processes well-documented is vital and retaining key employees is a selling point.
Finally, consider a business valuation to help set your asking price. Knowing and demonstrating your businesses value means a reasonable asking price (and more profit for you).
Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.
We maintain offices in Maryland, New Jersey and Virginia. Connect with us at firstname.lastname@example.org or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.