FAQ 1: Can I sell my Business myself?
Yes. However, selling your business is a very complex undertaking for a non-qualified individual. It can be a very long and arduous exercise and often businesses which have not been professionally appraised sit on the market for years.
FAQ 2: Who can help me sell my business?
By engaging a professional ‘Certified Business Valuer’ and ‘Certified Practising Business Broker’ you will have access to someone who has spent years studying to become a powerhouse of information with regards to determining real market value and all other aspects of preparing a business for sale.
FAQ 3: How can I find out the true market value of my business?
There are seven crucial areas which need to factor in to determine the saleability and market value of your business
- Price & Value
- Profitability & Risk
- Financial Information
- Premises & Lease
- Team, Suppliers & customers
- Systems & manuals
- Stock Plant & Equipment