Selling a business is exactly the same as selling a house. But before you rush to any conclusion, please read on…. When you sell a house you will have a number in mind that you think it would be worth to sell for. The house has 4 bedrooms, 2 bathrooms with a large garden on
Selling Your Business
Selling a business can be a long and frustrating process. There are few buyers out there and finding them requires a key strategy and targeted approach.
Below you find articles relating to most aspects of 'selling your business'. You will find answers on most questions, like "How long does it take to Sell my Business?", "What makes my Business attractive to Buyers?" and "When is a good time to sell my business?"
If you can't find the answer to your question, let us know and we'll write about it!
The articles below are written by experienced business broker, Rudy Kokx on all aspects of selling a business.
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When you are selling a business, you would like to walk away and move on without the risk of being liable for any warranty claims after you have sold the business. The legal word of the law states that you are liable for any product liability / warranty claim as long as your legal entity
Selling a business is not an event, it is a process. Also, not every business sells, even when a professional business broker has applied the best marketing efforts! Here is a few reasons why: The business is overpriced The main driver of a business sale is price. A business transaction is always based on Return
As business brokers, we like to believe that there is a buyer for every business if it makes a profit. How long it would take to find a buyer and how much they are prepared to pay for it depends entirely on how the business is presented, how the business is marketed and how the
When we sell a business we really want to get the highest price possible. We need to be able to move on to the next project in life (which often costs money), we have to replace the income that we had from the business, or we need money to retire… everything is about the money.
Health and Safety has a much bigger influence on the sale of your business than you might realise. I think it’s one of the most important aspects of selling your business today – having a robust health and safety plan can mean the difference between closing the sale on your business or losing that perfect
Being criticised never feels good. It doesn’t matter what the reason for the critic is, it makes us feel stink, we feel we are worthless and sometimes we may even want to close our business and HIDE, and just move on with life…. Sounds familiar? Here is the critical part of feedback; embrace it, nurture
Selling a business is a process. It is not an event that you work towards, like an auction. To ensure the best outcome you will need to follow the guidelines of the sales process. You will succeed selling any type of business, providing the price, the marketing and the presentation of the business are done
To sell a business for the best price possible you need to be ready. Accounts, systems and processes, supplier contracts, staffing issues…. all of it needs to appeal to a buyer. Getting your business for sale requires your ability to look at your business from a buyers’ point of view and give yourself an honest
Selling a business? Check your records! Whether you bought a business or started one from scratch, most business owners went into business because they wanted to replace an income or because they had a passion for the industry they operate in. You wanted freedom and thought that being your own boss would be the ultimate
Your business selling cost is not the whole picture! The first question I always get asked as a business broker is; “How much commission do you charge?” I don’t mind the question as it gives me an opportunity to show off my negotiation skills; you probably wouldn’t want a business broker that couldn’t even negotiate
Looking to sell? Here are the most avoidable mistakes selling businesses! In business sales, there are some very basic rules that apply and then there are the common, most avoidable mistakes when selling businesses that re-occur time and time again. You will only have one chance to sell your business successfully. Using the service of