Business Sales |
Sell your BusinessHaving Provable Books and Records Increases the Number of Potential Buyers. Business buyers want proof of the sales and profits that the business has made in the past. What your should know to sell your businessExpect a Reasonable Price and Terms! Price your business competitively, otherwise potential buyers won't take the time to even look at your business. ![]() List Furniture, Fixtures and Equipment! Business buyers expect a complete list of equipment and will inspect it to ensure that everything is in good working order. Offer an Attractive Lease! Any business buyer will want a good lease. Whether the existing lease is assigned or a new lease is written offering an attractive lease to the buyer will remove one more obstacle to sale completion. Great Appearance! Nice looking businesses sell first! Business buyers deduct large amounts from their offering price for businesses that are in less than tip-top shape. So dress it up! Keep your premises neat, clean and in good repair to put forth the best appearance on show day. Price It Right! Under pricing will lose you money; overpricing will lose you the sale. Our Better Business Brokerage professionals are knowledgeable in today's marketplace, using the best approach to Business Valuation. Sign a Non-Compete Agreement! Buyers are afraid you may go into competition with them taking all of the customers in the process. A promise not to compete within a certain distance and time period is normal for most businesses and helps way-lay their fears. Have a Good Reason to Sell! This is a chief concern for Business Buyers. They are afraid you may be selling because of some undisclosed fact that may hurt the business in the future. Buyers must see a reasonable cause for the Business Sale, otherwise they assume the worst! Timing is Everything! Business buyers are often looking at several business' when they make an offer. If you don't respond in a reasonable time, the buyer could lose interest in your business, moving on to another instead. Don't Wait Too Long! The best time to sell is when business is good. Don't wait for a Downturn. Allow enough time for your business sale because selling a business is far more difficult than selling a house and can take in excess of a year. No Surprises! State all the facts up front. Most negatives can be overcome if known from the beginning. |
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