What is the Best Way to Sell a Small Business?
Selling a business requires full time attention and focus. Small business owners are best doing what they do best – continuing to run the business with an aim to maintain or increase revenue/profit to sell. The selling and buying of a business has various complexities – valuation, negotiation, accessing the right buyers, due diligence and more. Due to the complex nature of the sales process, it is not recommended to try and sell a small business on your own.
The best way to sell a small business without a doubt is to engage professionals who are highly experienced in the art of buying and selling businesses. SOT Business Brokers also maintain strict confidentiality so your competitors, suppliers and employees are none the wiser.
Selling your small business is likely one of the biggest life decisions you’ll make and is without a doubt an emotional experience. By engaging a business broker like SOT, the sales process can be approached as a third party who can offer clarity and objectivity that a business owner simply cannot do themselves.
How to Value a Small Business
Our highly experienced team know how to price a business for sale and understand that getting the best price possible in the shortest amount of time is a priority. Our experts know how to value a small business to sell via our comprehensive appraisal which takes into account physical assets, annual turnover, number of customers, industry trends, market potential, online presence, mailing lists, and more. Read more about how to value a business to sell.
How to Find a Buyer for Your Small Business
Where to advertise your business for sale is an important part of the journey. We have access to a large pool of buyers and we work with top ranked websites for small business selling online, ensuring your business is marketed to the maximum amount of potential buyers.
All interested buyers are pre-screened and execute a Confidentiality Agreement before receiving any sensitive business information. When engaging SOT to be your business broker, you will have an expert in your corner negotiating the best price.
How to Prepare Your Company for Sale: the Legals
If you think making the decision to sell your business is hard, how to prepare your company for sale only gets more complex unfortunately. SOT Business Brokers simplify and destress the process of selling your small business, by supporting with the formalities, procedures and legalities. We’ve got your back in assisting with financial documents, contracts, liaising with accountants/lawyers/banks and more. We make the paper work hassle free when selling your small business.
Let's Discuss the Next Steps On How to Sell Your Business
Our success based commission model means we win when you win, so we are highly motivated to get you the maximum price in the quickest time. Very few brokers work this way.
To learn more about successfully selling your company with SOT Business Brokers Perth, please get in touch today here.