Want to Sell my Business

I want to sell my business! So what are the steps I need to take? Can I sell my business myself? Should I sell my business myself?

Is it better to sell my business thru a Business Broker? How much would a Business Broker charge me to sell my business? Are some business brokers better than others? Are there business brokers who specialise in just one particular business industry just like mine or are they all generalists?

Should I be paying a listing fee for the broker to sell my business and what about vendor advertising contributions? Should I give the broker an advertising cheque or should they be able to sell my business just through their contact base?

How much should I ask for my business?

Does the price I ask be simply what I want or does it have a relationship with the profit the business makes?

Will my accountant be able to set the price or do I need a business valuation? Will the valuation reduce my risk and will it help buyers in getting business finance to buy the business off me?

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The contents do not constitute legal advice, are not intended to be a substitute for legal advice, and should not be relied upon as such for any purposes. You should seek legal advice or other professional advice in relation to any particular matters you or your organisation may have.