Selling a Commercial Business

Selling a
commercial
Business
Businesses have intrinsic value in terms of Contents
assets and the promise of ongoing trading that Introduction...........................................1
accountants call goodwill. Sometimes, business Alert Key Players...................................2
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.

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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.

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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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