Gone are the days of when all you had to do to sell a business or property was to place an ad in the local paper. With new businesses added to the business for sale market every day giving potential buyers more businesses to choose from, I don't have to tell you that is a very competitive market and making your business stand out from the rest is important. It is vital that you market your business in the most effective way to generate genuine quality leads and obtain the best sale price.
Utilizing the services of a business for sale website is the first and most important step you need to take when marketing your business for sale. News paper classifieds can be helpful, however almost 96% of searches for a business for sale starts online. There is at least 2 or 3 quality business for sale website available to use in Australia. Make sure you shop around for the best price available when listing your business with a website. You can expect all of the online inquiries to be contacting you directly, because when you upload your listing you will be required to supply your phone number and email so all inquiries are directed to you. This is perfect because after all, who better to sell your business than you.
Make your business as attractive as possible while maintaining a fair and realistic price. Overpricing the business will scare off any potential buyers. If you can not justify your asking price, the buyer will be suspicious and almost certainly take their business elsewhere.
Making sure all of your outstanding loans, expenses, leases, contract etc are up to date is vital. Not being up to date may slow down the buying process, not to mention the embarrassment.
Here are more important points to consider:
1) Always seek legal advise from your solicitor or Lawyer
2) Always seek financial advice from your accountant
3) If you choose to use a business broker remember they will charge agent fee or broker commissions up to 10%
Selling a business can be a stressful time if you are not prepared. After you and your family have made the decision to sell your business, the next thing to do is make sure you are fully prepared. Making sure you have the basics covered will insure the selling process is a smooth one.
When selling a business visit http://www.business-trader.com.au - Australian business for sale Classifieds.