Buying Selling Business Broking Agent Sydney New South Wales
  • Home
  • Sellers
  • Valued
  • Buyers
  • Capital
  • Opportunity
  • Blogs
  • Contact
  • About
  • Home
  • Sellers
  • Valued
  • Buyers
  • Capital
  • Opportunity
  • Blogs
  • Contact
  • About

Blog

ADVICE, POSTS & LATEST NEWS
June 23, 2019 In Blog

Putting Your Business up for Sale On Market or Off Market

Putting Your Business up for Sale On Market or Off Market

Putting Your Business up for Sale On Market or Off Market

How Too Sell

If you have decided it’s time to sell your business, the question is how you are going to sell, market and value it. Generally, you only have one chance to get it right or you miss out on buyers. The price is too high and you have lost a buyer, even if you drop the price it’s hard to get the buyer back once they have moved on. I think the best way to sell a business is through a third party, that way emotion is not part of the equation, you have got someone that has sold many businesses.

Knows the process, problems that can occur and how to avoid them. It removes the stress and all offers are brought to you to accept or reject. Before a business broker can put a business up for sale a listing agreement must be in place. It is a legal requirement.

On Market Sale

Generally, an on-market sale gives you the best chance of selling your business in the shortest time. An on-market sale is where the business is advertised but in such a way as to not identify the business. A combination of advertising, brokers in the network, contacts and targets are used to sell the business. The business can be listed as an expression of interest or at a price. Before the business is put on the market an information memorandum (IM) is drawn up and agreed upon.

A listing is drawn up by the agent and agreed upon, the listing contains just enough information to get a prospective buyer interested. When prospective buyers contact the agent, they don’t know the name of the business or the location. Until a confidentiality agreement (CA) is signed, and the buyer is qualified. Only then is the IM sent to the buyer.

Off Market Sale

An off-market sale is where the business is not advertised. A combination of brokers in the network, contacts and targets is used to sell the business. The business can be listed as an expression of interest or at a price. Before the business is put on up for sale an information memorandum (IM) is drawn up and agreed upon. A listing is drawn up by the agent and agreed upon, the listing contains just enough information to get a prospective buyer interested. When prospective buyers contact the agent, they don’t know the name of the business or the location.

Until a confidentiality agreement (CA) is signed, and the buyer is qualified. Only then is the IM sent to the buyer.

How to Make the Sale Easy?

To make the sale easy for you, you need to get all your ducks lined up in a row, I have already posted on this topic. See “When is it time to consider an exit plan when selling a business?” for the details. Generally, an experienced business broker who targets your sector is the best way to go. I have thousands of connections with small business owners and investors. For more information on selling your business please contact me here. Where I can go through the processes of selling your business and you can ask questions.

Putting Your Business up for Sale On Market or Off Market

Here are Some of the Future Posts Yet to be Written

How to market and sell your business

The first Meeting

you can find new posts here.

What’s a Broker

We advertise here at businessforsale.com.au and NetworkInfinity.com.au

 

Previous StoryHow to market and sell your business for your best return Sydney
Next StoryHow to price a business and get it right ring us now

Related Articles

  • How to Get Your Business Ready for a Sale? Contact us today
    How to Get Your Business Ready for a Sale?
  • Are You Thinking of Selling Your Business
    Are You Thinking of Selling Your Business?

more blogs here

RSS Top Stories

  • Kanye West's Australian visa cancelled over Hitler song, Tony Burke says
  • Qantas cyber attack: What we know about the 'significant' customer data breach
  • Man charged after allegedly interfering with Pheobe Bishop investigation
  • Jury in Sean 'Diddy' Combs trial reaches partial verdict but deadlocked on final charge
  • Trump says Israel has agreed to 'necessary conditions' for 60-day Gaza ceasefire
  • NSW 'not out of the woods yet' as heavy rainfall and damaging winds expected to continue

RSS Top stories – Google News

  • NASA Awards Simulation, Software Services Contract - Mirage News
  • Topology Optimization Accelerated for Industrial Design - Mirage News
  • Dalai Lama vows he won't be last leader of Tibetan Buddhism - 9News
  • Music and movie superstars bond in royal box at Wimbledon - 9Honey Celebrity
  • Don't wait for Prime Day — the Apple Watch 10 is $100 off right now - Tom's Guide
Address

Greenwich
Sydney, NSW, 2065

Phone

+61 (0) 499550577

If you are looking for the best skincare and beauty treatments (click here) to go to our friends at Xara Skin Clinic Laser Tattoo Removal

Click here for Privacy Policy

Terms Conditions of Use

See our friends at Naturally Good For You here

Master Card logo Visa Card logo

Free business listings here

 

Mc-Nabb.com Blog website

– Areas we service – and more areas – Servicing areas near me – and more businesses near me – Real estate – Get a business – Consult

© AAA Market Services Pty Ltd™ Copyright 2020 all rights reserved

to top button