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Selling a Business

How to Prepare Your Business for Sale

What owners can do in the twelve months before a sale to raise the multiple and reduce the chance of a deal falling apart.

8 min read · Updated 2026-08-27

Clean the financials first

Separate personal expenses, reconcile the books to tax returns, and produce consistent monthly statements. Buyers discount what they cannot verify.

Reduce dependency on yourself

Document processes, move customer relationships to team members, and hire or promote a manager. Owner independence is one of the largest single drivers of multiple.

Strengthen revenue quality

Put agreements in writing, introduce recurring service plans, and diversify away from concentrated customers. Predictable revenue is worth more than the same amount of unpredictable revenue.

Frequently asked questions

How far ahead should I start preparing?
Twelve to twenty-four months allows changes to show up in the financial history buyers will review.

Educational content only. WhatBiz does not provide legal, tax, accounting or investment advice — consult licensed professionals before any transaction.