The Most Common Reasons Owners Sell Their Business
Following are most common reasons businesses are sold:
- The owner wants to retire and does not have a family member that can or wants to take over the business.
- There are two or more owners that are not getting along and can't agree on a buy-out,
- The owner(s) needs to relocate due to personal reasons,
- Death of an owner,
- The owner has developed health issues,
- Divorce leading to the liquidation of assets,
- The owner(s) is not satisfied with the performance of the business and does not have either the desire or knowledge to improve its performance,
- The owner has found that he or she doesn't enjoy the business and wants to find an alternative, and
- The owner(s) does not have the capital resources needed to expand the business so that it can complete in the marketplace.