Tips for Selling Your Business

  1. Make sure you are emotionally ready to sell your business.
  2. Put a plan together to effectively sell your business.
  3. To assist the business sale process, make sure your business is in a sellable state (e.g. Are your accounts up to date? Is your inventory accounted for?)
  4. Make sure you have informed your accountant of your intention and that you have your tax and corporate responsibilities up to date.
  5. Identify the key selling points of your business for sale (is it your staff, domain name, location, market share, goodwill etc.)
  6. Look at your order book. How has it grown while you have run the business? What do you believe are the opportunities for growth?
  7. Research the marketplace (Find out what similar businesses have sold for. What do you believe is a right price for your business in the time in which you would like to sell it)
  8. Whether you are a large or small business for sale, there is a business buyer out there for you. BusinessesForSale.com will connect you to that business buyer.
  9. Create your listing on BusinessesForSale.com with as much or as little information as you feel comfortable with. Please remember, you are trying to capture an entrepreneur’s interest.
  10. Good luck with your business for sale. Please be patient and flexible. You will sell your business.