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BUY A BIZ - SELL A BIZ
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Be smart list your business with Bizseller and a professional business broker will help you to sell your business promptly!
You have made the decision to sell your business – now how do you go about it? Generally, using a business broker is a good idea – especially if you have limited time to work with potential buyers, are not easily contactable or lack the necessary knowledge and skills to effectively market your business
A competent business broker will be experienced in the market, will deploy multi faceted marking initiatives to reach potential buyers, will help compile sales documents, manage confidentiality issues, assist in setting a realistic price, and will help handle and negotiate the technical aspects of the sale without being attached to your business.
An experienced business broker can provide you with an appraisal on the value of your business using transaction data and valuation methodologies. Remember it is the job of the business broker to expose the opportunity to the buyers who are likely to pay the highest and best price and to successfully manage the sale process.
Business brokers will often spread their marketing mix to include several mediums, for example newspaper advertising, specialist publications and internet websites which can expose your business to a huge database of buyers.
If confidentiality is an issue when selling your business, then any marketing can be tailored to exclude any specific identifying information of your business – by providing a general description only. Your broker will then screen potential buyers and guides the sale through to a satisfactory conclusion for all parties.
The broker’s fee is usually paid when the business is sold. If you intend to market the business yourself while also engaging the services of Business Broker, then discuss this with your Broker and include an agreed and appropriate clause covering any fees due should you find a buyer independently of your broker. Ensure the broker will only disclose information to qualified buyers who have signed a confidentiality agreement, and that it limits the right of use of such information. |