In part one of this two-part blog series, we went over the two primary culprits in business sales that fall apart: The sellers and buyers involved. It stands to reason that the two entities most directly involved in this process would be the ones with the most power to torpedo it if they made certain mistakes.
At Utah Business Consultants, though, we’re here to tell you that getting a deal done may contain small roadblocks that aren’t caused by either the buyer or seller. These aren’t as common or likely, and can mostly be avoided through employing pros like ours who know how to approach each important area, but they’re worth knowing about in case you experience any of them while trying to sell your business. Let’s take a look at some non-buyer-or-seller reasons why business sales may derail.
In some cases, things just happen that affect the quality of a deal and may even lead to it falling through. Luckily though, these are usually preventable if you take the right advanced steps. A few instances here include:
The buyer and seller aren’t always the only entities who have some impact over the sale of a business. There might be various advisors or third parties involved, including attorneys in many cases. A couple possible issues that can arise here:
For more on avoiding your business sale falling through, or to learn about any of our exit planning or business brokerage services, speak to the pros at Utah Business Consultants today.