The average time to sell a small business stayed relatively consistent in Q4 2022, varying from six to 10 months. Of that time roughly 90 days are spent in due diligence, after a signed letter of intent or offer.
![Months from LOI to Close Business Sales Months from LOI to Close](https://www.deltabusinessadvisors.com/wp-content/uploads/2023/02/2023-03-06-DBA-Final@0.5x.jpg)
The average time to sell a small business stayed relatively consistent in Q4 2022, varying from six to 10 months. Of that time roughly 90 days are spent in due diligence, after a signed letter of intent or offer.