Selling a business may depend on various factors. Of course, everyone's situation is different but there are some basics to consider.
First of all, you will want to review the market situation as a whole and see where your business fits in. If your business is in its early stages and you wish to experience decent growth in the near future may be best to survive in business if you can. You can also hire experts to get help in selling a business in UK.
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However, if sales are booming and huge profits, probably a good time to sell because you will be more likely to get a higher price for your business than if things are on a downswing.
Analyzing what is happening with your competitors – is your business to keep up with the other players; you beat the others? This is a good time to think about selling your business if you beat your competitors, especially during the recessional economic cycle, because of factors that are likely to command a higher price.
Personal needs and circumstances
On a personal note, it is important to consider whether or not your business is suitable for your living standard. It is possible that at one-time income working for you and your family, but your needs are no longer met. It shows the right time to sell your business.