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Preparing your Business for Sale Using a Business Broker
To successfully sell your business you must first make a plan. By using our approach you will gain a better insight into when you should sell your business and for how much.
When to sell a business?
The very first question you need to consider is this: How marketable is my business? We will be able to give you knowledgeable advice based on past experiences. If your business needs to be improved in any way you may be told to wait until these issues are resolved before putting it on the market. The primary reason for this is to increase the worth of your business.
Our introductory meeting will instruct you on the steps that need to be taken in order to sell your business. Potential buyers will need to be provided with accurate information about your business that will draw them in and make them interested in what you are offering.
Should I use a business broker?
Making use of a business brokerage can often be advantageous to your business but it is important to consider the following questions:
1.What kind of sales is the company specialised in? Do they only sell businesses or is their main priority real-estate with businesses on the side?
2.Has the company received recognition for the work it has done? Will you be provided with a broker who has experience in your industry?
3.Have they had success in selling businesses?
4.How professional and ethical are they in their work environment?
There are many advantages of using a business broker. You will be able to hand off extra responsibilities such as taking phone calls, handling potential buyers, and dealing with finances. Also, the sale will be more private as you will not be discussing it publicly in the workplace. Your broker will try to ensure that staff, customers, and suppliers are not made aware of this new development.
Using LINK as your business broker.
Our ever-growing database of qualified buyers ensures that your business will be sold to someone who is professional and interested in your business. Another advantage of our service is that, with our large database of qualified buyers, we can find buyers before you even have to put your business on the market. This dramatically cuts your marketing cost, thereby increasing your returns.