Determined to Sell Your Business — What Options Do You Have?

You will have determined to sell your Business for 1 or more reasons — it might be because you might have determined to relocate or emigrate; chances are you’ll need to money in after a few years of hard work and retire; or you will have decided to move right into a new venture.

After getting made your decision to sell, you should decide on the method you’ll employ to ensure a profitable sale.

You only have 2 options to determine on —

1) Employ the companies of a Business Broker or

2) Sell your Business yourself.

Having sold my own Companies privately prior to now, and having owned my own Enterprise Brokerage and sold Businesses on behalf of clients, I am qualified to offer an outline of the pros and cons of both methods.

Selling via a Business Broker:

— A qualified Broker can assist you with establishing the correct price on your Business in an effort to ensure a profitable sale.

— Permits you the time to concentrate on running what you are promoting and stopping the attainable decline of turnover and profits.

— A qualified Broker knows the most effective process to use from marketing your enterprise, screening and qualifying leads, and negotiating the sale with an interested buyer.

— The Broker has the required paperwork to qualify potential buyers, and conclude a sale.

— Brokers usually charge a commission of 10% on the sales value of the Business. This may quantity to a huge amount of money coming out of your pocket! You should determine whether or not you are prepared to give away 10% of the selling price of your business!

— If a Broker in a Brokerage needs to satisfy his target, or is in need of personal funds, she or he could push you to simply accept a decrease offer in your Enterprise to satisfy his/her needs.

Selling your Business privately:

— You know your Business better than anyone. You’re the best person to reply questions in your business. You also know the trade and might suggest ways of improving turnover and profits. You might also be able to point out future opportunities in the industry.

— You can save on the 10% fee charged by Brokers. The additional 10% might amount to a considerable amount of money, and will come in very handy with your future plans!

Conclusion:

— The reason why most sellers don’t sell privately is because they really don’t know how!

— They do not know how greatest to market their Business on the market, find out how to qualify the potential patrons, what steps to observe, and what documents are needed. In addition they know that they will need to spend an unknown amount of money to have the agreement drawn up by an Attorney.

What if there was one other option?

— You get a step by step guide to selling your Enterprise;

— Your Business is advertised on a premium focused site;

— You receive all leads your self;

— You get all documentation to conclude the sale;

— You get access to telephonic help and advice from a certified Business Broker;

— You pay zero% fee!