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Selling a Commercial Business

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Selling a business is a science, not an art. Benefit from the experience of BankForeclosuresSale.com and understand the process better.

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Selling a Commercial Business

  1. 1. Selling acommercialBusinessBusinesses have intrinsic value in terms of Contentsassets and the promise of ongoing trading that Introduction....…......….....................……1 Alert Key Players...................................2accountants call goodwill. Sometimes, business Prove a Value........................................2owners sell their enterprises because they want Closing the Sale.....................................2to move on and try their hand at something else.At other times, they wish to cash in and retireon the proceeds. The process of selling abusiness, though, remains the same.
  2. 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 ValueThe potential buyers of your business will require convincing before they bid anywhere nearyour price. Develop the proof you need as follows:☐ If you own the trading premises, have these professionally valued and obtain a writtenreport. ☐ 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 idealterms. ☐ 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 thento market it for you.Closing the SaleYou usually only have one opportunity to drive the rightbargain with a prospective buyer, and that person may be moreexperienced in these matters than you. Your broker will also bekeen to close the sale. At BankForeclosuresSale.com, werecommend that you have an adviser present, for example,your lawyer or your accountant.
  3. 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 Sale1800 Sans Souci blvd, 136North Miami, FL 331811-888 596 9279contact@bankforeclosuressale.comThe biggest foreclosures database onthe webFind us on the Web:www.bankforeclosuressale.com

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