Don’t suffer from lack of planning: preparing your business for sale is essential! Have you been thinking about selling your business in the last 18 months, or are you thinking to exit within the next 18 months? According to a study, 60% of business owners that try to sell their business themselves can’t get a[Read More]
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.
Get the latest updates on what's happening in Northland...
You need a good accountant when you sell your Business!
I know some really good accountants! They analyse our valuation, they make recommendations and are an asset to the process of selling your business. One such accountant is Kirit Lal from Walker Wayland in Auckland. Kirit referred a business to me a while back. He let us prepare the appraisal, made recommendations of what aspects[Read More]
Preparing your Wholesale Distribution Business for Sale
Wholesale Distribution businesses are HOT in the world of Business Sales today! My latest listing, made live last week, had 12 enquiries before lunch on the first day and I had a further 6 enquiries today alone. This is only from our 17,000 strong database at LINK and does not include any other business-for-sale sites[Read More]
Why do people sell a Business?
It is a common miss-perception that most businesses that are for sale are poor performers in the market! Most businesses sold through a business broker are good, profit making and well established businesses. Under the Real Estate Act, business buyers are well protected and agents face huge fines for non-disclosure if misconduct or misrepresentation is[Read More]
Most Business Owners have no Exit Strategy and no Crystal Balls…
Most business owners know the exact value of their family home, yet they have no idea how much their business is worth (and this is the one asset that ensures the mortgage is being paid for every week). Most New Zealand businesses have no Exit Strategy and a good few don’t even know it is[Read More]
What to expect from a Due Diligence?
The Due Diligence is a process whereby the purchaser will do ‘a health-check’ on your business, ensuring it actually performs as well as we said it is performing. The standard time allowed for a Due Diligence period is usually between 10 and 15 days. It is important you understand what a purchaser will be looking[Read More]
Why you should sell your business NOW!
Sell your business NOW – there’s never been a better time! I must say honestly, rushing to sell your business is never a good idea.. On the other hand, there is never a good time for two things; having babies and selling your business! This is why you should sell your business NOW! While our economy[Read More]
