Business Selling Prep: What's Needed

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How would you go about selling your business? You have about 3 options:

Sell the Company Yourself:
You can sell your business on your own through a network of business associations and contacts

Issues:
Listing and presenting your business properly. Don't forget that you need to manage your day-to-day operations at the same time you are selling your business. Your challenge is to present your business to a vast network of potential buyers from around the region and country.
List Your Business with the Media:
You could publish a small ad in targeted media plus list your business with online business-sell networks.

Issues:
Same as the first option. Plus, you have the challenge of keeping your sale confidential from your competition and employees.
Sell Through a Professional Broker:
Let an expert prepare the necessary documentation and find qualified buyers. Plus arrange all related meetings to close the deal.

Issues:
Cost. Professional brokers perform services based on percentage of the closed sale. But those payments are generally re-couped since the broker understands the dynamics to maximize your value.

There are pros and cons for each method used.

Our advice is as follows:

if you have a buyer or competitor who is interested in buying your business, then reach out to that person with the sale opportunity.

You may decide to use the professional services of the Novars Group to prepare your business for sale as outlined in this guide for a negotiated fee. See our professional services.
if you don't have any buyers that may be interested in your business, enter into a contract with a the Novars Group to prepare and list your business for sale.

Speed is the strategy you want to take. Move quickly before your markets or your competition negate the value of your business.

Inside This Guide

Regardless of your selling method, the process of selling your business is same. You will need to:

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