Do you still see yourself operating the same company after 10 to 15 years? The good news about having a business is that life can be promising after you make an exit. When you plan well to sell content marketing agency, it’s even possible to support your next venture. How do you make this possible? Read on.
Preparations for selling a content marketing business involves creating an effective exit strategy. For it to make an impact, you need to prepare three to five years ahead of the exit.
Firstly, you need to look at your financials. A qualified accountant should professionally prepare your financial records, detailing monthly income and expenses. You must also be able to support every figure with documentation and everything needs to be accounted for down to the last cent.
It’s not enough to have just one year of financials in order. You’ll need a complete, month-by-month breakdown of the past three to five years. Without this, the sale process could be delayed by several months, or even years, as buyers won’t wait around for missing information.
With well-prepared financial documentation, you’ll be ready for a valuation. A thorough assessment, supported by clear financials, can uncover key areas for improving financial performance pre-sale. For example, the assessment can highlight which parts of the sales funnel offer opportunities for cost savings. You can then make changes with the goal of improving the company’s value.
Why do you need an exit strategy when you sell a content writing agency? Selling your content writing agency with an exit strategy maximizes returns and supports a stable, efficient handover for the buyer.
Different Types of Exit Strategies for Content Marketing Companies:
When to Start Planning Your Exit:
Balancing Confidentiality with Preparation
When you sell a content marketing agency, you have to consider working with business brokers vs. direct approaches. If you want the route that gives you the most take-home money, doing it on your own is the way to go. However, this is only ideal for people who already have serious prospects within their network. If you have no idea where to find buyers, it would be best to work with a broker.
To give you an idea of who the business brokers approach, we list down the types of potential buyers for content marketing agencies below:
What processes will you go through when you’re selling your digital marketing agency?
As part of your marketing efforts, your business broker will assist you in creating a compelling prospectus for potential buyers to highlight what makes your digital marketing company a worthy investment. Aside from your financials, you also have to show your “Operator’s Manual,” which details internal processes from client work to recruitment. It should show streamlined systems, smart tools, and lean operations. Include business history, values, client base, and key metrics. This positions your agency as turnkey and gives buyers confidence in its stability, scalability, and smooth transferability.
Screen buyers to make sure they have the resources to purchase your company. To maximize your company’s sale price, it’s important to attract multiple offers. With several buyers in play, brokers can help you evaluate them not just on price, but also on deal structure, transition terms, and buyer compatibility.
Business brokers will also help you in managing the due diligence process and negotiation strategies once you’ve accepted an offer. What’s great about this step is that you can decide your level of participation. It’s completely possible to leave everything to your broker, allowing you to plan your life further after the exit.
A business owner doesn’t need to learn how to value a content marketing company as it is the job of business brokers and appraisers. Getting assistance from these professionals helps you achieve an accurate value. However, you can’t just hire anyone because it takes experience and awareness of revenue multipliers specific to content agencies.
“What do I do after I sell my content marketing agency?”
Are you already thinking about this question now that you’re considering an exit? It’s a great starting point, because you need a transition plan to smoothen the management transfer.
How to maintain business performance during the sales process:
Addressing staff concerns and retention:
In this post, we answered the question. “How do I sell my content agency?” The next steps seem to bring more questions:
For both of these matters, you can rely on us here at WebsiteClosers.com. We have plenty of experience selling tech and internet companies, so you can come to us to sell content marketing agency.
Make your exit a fulfilling experience by choosing professionals who can connect you with the best buyer and can help you maximize your sale price. Contact us today!