How to Sell a Business Without a Broker?
If you decide to sell your business without a broker, do you know what you need to do? It is tempting to save the commission but it may cost you more, unless you are well prepared. Here are some highlights what you need to do! Prepare the business for sale. Get all the financials information together, last 3 years of financial statements, leases, list of chattels, list of employees, business plan to be able to provide the buyer sufficient information. Prepare an executive summery showing the strength of the business and show the opportunities for growth. Decide the asking price. Do your homework, check compatible businesses for sale on the market, talk to your accountant, get his suggestions, the buyer will and if you price is not correct you either lose on the deal or not find a buyer, if the business is overpriced. Market the business on various classified websites specializing in ads for Business For Sales by Owner Canada or Business For Sale by Owner Ontario,...