8 tips for considering when selling your business

Have you tried selling your business, and quickly? Look at these tips because they can help you achieve your goals.

1. Has a reasonable list price.
2. Be prepared to negotiate.
3. Having information folders available for qualified buyers.
4. Run business as usual.
5. Make sure the business presents well; Give “saliva and polish.”
6. Get current business financial snapshots and keep up.
7. Collect the current list of equipment, furniture, and equipment (FF & E).
8. Consider counting all supplies so that the value is known. This helps buyers understand the final purchase price and reduce one of the many fields of negotiating agreements.

From business reasons do not sell, the reason is that the prices listed for sale are not reasonable. Unreasonable prices can be seen by looking at the income produced by business and then seeing the business of the buyer’s perspective. The buyer will have a minimum fixed cost such as mortgages and household bills to cover. If they buy a business, they need an advance needed plus businesses need to have enough cash flow to support any debt needed by the buyer to serve. Plus their need to be a buffer if the business loses sales due to business transitions.

To ensure that this business is quite cheap, the assessment can be done and this will guide the owner with the price of the most appropriate list. Assessment fees can vary from $ 500 to $ 3,000 depending on business complexity.

If you are motivated to sell your business quickly, be careful the way you handle every buyer’s question. If you reveal too much information too fast, it can lead to lower offers from buyers. In addition, buyers may feel your urgency, also contribute to lower offers or in some cases, frightening buyers because they might worry something hidden.

According to the California Business Broker Association, it takes around 7½ months to sell business; If selling. After you receive a written bid from the buyer and start the negotiation process, it will take it ranging from 6 to 8 weeks to close the Escrow if inventory is included in the sale. It may be necessary longer if licenses such as alcohol, contractors and other specialties are needed.

There is a lot of complexity to sell business. Using qualified business brokerage services can protect you and your business and achieve your goals to sell your business in the shortest possible time for the highest purchase price.

If you want more information about selling your business and ordering a copy of my book managed to sell your business: Expert advice from business brokers.

Andrew is a business owner of 5 times who like to help entrepreneurs out or enter business ownership. The service includes helping owners sell and / or buyers buying business, consult by buying franchises, machine assessment and certified equipment and business assessment.

Andrew currently holds an appointment of a certified business intermediary (CBI) from the International Business Brokers Association (IBBA), the highest appointment given by IBBA. Andrew also gets the appointment of a certified business broker (CBB) from the California Business Brokers Cabb Association.)
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More