If you’re planning to sell your business, your goal is to maximize value—not settle for less. But after evaluating hundreds of deals as a business broker, I consistently see owners making avoidable mistakes that cost them thousands (or more) at the closing table.
Here are the top three:
1. Disorganized Financials
Buyers want clarity. If your books are messy, incomplete, or confusing, you send the wrong signal. They may assume the worst—even if your business is performing well. You don’t want to be in the position of saying “trust me, everything’s fine.”
The fix? Work with a professional bookkeeper or business advisor to clean up and present your financials in a buyer-ready format. This creates confidence and removes doubt from the deal.
2. Unrealistic Valuation
It’s one thing to aim high. It’s another to price your business based on emotion rather than market data. Buyers will negotiate down from a strong price. But from an absurd one? They’ll walk.
Overpricing your business can actually keep great buyers from even looking, especially if the fundamentals are solid but the sticker shock is too high. Getting a professional valuation ensures your pricing aligns with market reality.
3. Weak Marketing Materials
The first impression of your business isn’t your storefront—it’s the marketing packet. If the materials are poorly designed, vague, or missing key data, it suggests your business is poorly run.
A compelling info packet, pitch deck, and executive summary can highlight your strengths and set the tone for buyer confidence.
Don’t Let These Mistakes Undermine Your Exit
These missteps don’t just cost money—they damage buyer trust and drag out the process. In a competitive market, those small gaps become major liabilities.
The good news? Every one of these issues can be fixed before going to market. As a business broker and advisor, I help small business owners in Tennessee and beyond get their businesses ready to sell—or step away by hiring the right general manager.
If you’re planning your exit or just want to understand your business’s value, let’s talk.
📩 joe@legacy-eta.com
📞 615-240-7901