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Selling a
commercial
Business
Businesses have intrinsic value in terms of        Contents



assets and the promise of ongoing trading that     Introduction....…......….....................……1

                                                   Alert Key Players...................................2
accountants call goodwill. Sometimes, business
                                                   Prove a Value........................................2

owners sell their enterprises because they want    Closing the Sale.....................................2


to move on and try their hand at something else.
At other times, they wish to cash in and retire
on the proceeds. The process of selling a
business, though, remains the same.
2

                              Alert Key Players

                              Any business partners should be first to know because they
                              traditionally have first right to if buy. You should also mention
                              your intention to any friend or family member who might be
                              interested in buying your business interest themselves. Finally,
                              do bring your accountant and lawyer up to speed too. They will
                              have work to do to facilitate the sale and will appreciate the
                              notice to prepare.


Prove a Value

The potential buyers of your business will require convincing before they bid anywhere near
your price. Develop the proof you need as follows:

☐ If you own the trading premises, have these professionally valued and obtain a written
report.
 
☐ Get your trading records up to date and have these certified by your accountant.
 
☐ Have a draft agreement of sale drafted by your attorney and which contains your ideal
terms.
 
☐ Obtain a valuation of your business assets from a specialist.

Appoint a business broker and ask him to value your business in terms of the above, and then
to market it for you.

Closing the Sale

You usually only have one opportunity to drive the right
bargain with a prospective buyer, and that person may be more
experienced in these matters than you. Your broker will also be
keen to close the sale. At BankForeclosuresSale.com, we
recommend that you have an adviser present, for example,
your lawyer or your accountant.
3

                                           Selling a business is a process that requires the application of
                                           thought and skills. It involves cashing in on the proceeds of your
                                           efforts - or your pension from your trading efforts if you like.
                                           Follow the above advice and come out on top with the proceeds
                                           you deserve.




Bank Foreclosures Sale

1800 Sans Souci blvd, 136
North Miami, FL 33181

1-888 596 9279
contact@bankforeclosuressale.com

The biggest foreclosures database on
the web

Find us on the Web:
www.bankforeclosuressale.com

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Selling a Commercial Business

  • 1. Selling a commercial Business Businesses have intrinsic value in terms of Contents assets and the promise of ongoing trading that Introduction....…......….....................……1 Alert Key Players...................................2 accountants call goodwill. Sometimes, business Prove a Value........................................2 owners sell their enterprises because they want Closing the Sale.....................................2 to move on and try their hand at something else. At other times, they wish to cash in and retire on the proceeds. The process of selling a business, though, remains the same.
  • 2. 2 Alert Key Players Any business partners should be first to know because they traditionally have first right to if buy. You should also mention your intention to any friend or family member who might be interested in buying your business interest themselves. Finally, do bring your accountant and lawyer up to speed too. They will have work to do to facilitate the sale and will appreciate the notice to prepare. Prove a Value The potential buyers of your business will require convincing before they bid anywhere near your price. Develop the proof you need as follows: ☐ If you own the trading premises, have these professionally valued and obtain a written report.   ☐ Get your trading records up to date and have these certified by your accountant.   ☐ Have a draft agreement of sale drafted by your attorney and which contains your ideal terms.   ☐ Obtain a valuation of your business assets from a specialist. Appoint a business broker and ask him to value your business in terms of the above, and then to market it for you. Closing the Sale You usually only have one opportunity to drive the right bargain with a prospective buyer, and that person may be more experienced in these matters than you. Your broker will also be keen to close the sale. At BankForeclosuresSale.com, we recommend that you have an adviser present, for example, your lawyer or your accountant.
  • 3. 3 Selling a business is a process that requires the application of thought and skills. It involves cashing in on the proceeds of your efforts - or your pension from your trading efforts if you like. Follow the above advice and come out on top with the proceeds you deserve. Bank Foreclosures Sale 1800 Sans Souci blvd, 136 North Miami, FL 33181 1-888 596 9279 contact@bankforeclosuressale.com The biggest foreclosures database on the web Find us on the Web: www.bankforeclosuressale.com