When the time comes to sell your business you want to present your asset in the best possible light so that you can maximise your sales price.
You need to visually attract purchasers to your store so that it’s set apart from similar businesses.
This means:
- Stock
- Cleanliness
- Painting
- Paperwork
The time to begin the process of selling your business should be from when you buy the business including:
- Taking Photos for “before and after “, showing the changes you have made
- Accurate record keeping of customers, transaction value
How do you choose an agent to sell your business?
You should interview at least 4 and compare the following:
- Fees and charges
- Will they report to you on a regular basis
- Level of paperwork they will produce for selling your business
- Advertising
- Can they give you the names of satisfied clients
- Are you comfortable working with them?
Lastly you need to give people a reason to buy your business apart from you wanting to sell, talk about the great untapped potential that lies in wait for the new owner.
You will be the one in most cases that will convince a potential purchaser to buy your business.
