The average time to sell a small business has risen to 8.6 months, up from 6.4 months in 2013. Of that, roughly 60 to 120 days are spent in due diligence and execution, after a signed letter of intent.
*According to the Market Pulse Survey – 4th Quarter 2019, presented by IBBA – International Business Brokers Association, M&A Source and in partnership with Pepperdine University.