The most important question for those selling a business has to do with where and how to find buyers.
You need to offer your business for sale in a manner that doesn't tip off customers, partners or employees. Also, you probably do not want to let competitors know that you are selling - unless there's a specific competitor as a prospective buyer.
If you already know a person or business that may be interested to buy, you will proceed with a confidential inquiry. To address a more wide arena of potential buyers, a safe approach is to use brokers, trusted advisers or blind ads to get the word out.
Sales of businesses benefit from competition among buyers, as is the case with anything bought and sold. If a bidding situation develops, the selling price almost always goes higher or the terms improve.
For further information on selling your business click here or call 053 9170507 to speak to a member of our Business Sales team.