Research suggests that the best time to initiate the sale process is typically around June, as this allows for a comprehensive 12-month preparation and marketing period before the closing phase, which is best avoided during the summer months.
However, regarding the business itself, the optimal time to sell a business is when it is
- performing strongly,
- has a capable management team in place, and
- the founder is prepared to transition out - ideally with a 12-month runway to execute the sale process effectively.