The time has come. You have made your decision. After weighing up the pros and cons you’ve decided to sell your business. Congratulations, you have made a very important decision.
Whether it is a retirement sale or concentrating on other business interests or quite simply looking to do something completely different, but whatever your plans there are some important factors you need to consider.
First and foremost do you go with a Business Transfer Agency and if so which one do you choose? My advice would be to facilitate the sale of your business through a broker. There are many reasons for this but at the very top of the list is peace of mind, putting your sale in the hands of a reputable broker will give you this. They will handle the marketing and getting your business out there. They will also when you do have an interested party handle all the negotiations on your behalf, and perhaps most importantly be there for you when you need advice.
But if you do follow my advice this will create another decision for you to make. Namely which Business Transfer Agency do you go with? Firstly you will want to go with a broker which has firsthand experience of the same sector of the business you want to put on the market. The reason for this is simple; experience. When questions and challenges arise the broker will know the best course of action to take. Secondly and perhaps the most important, it would be a good idea to meet a range of brokers in your area and quite simply go with the agency that makes you feel the most comfortable.
The reason for this is you are entrusting them with something that is very important to you and in many cases spent years building up to be a success so mutual trust is essential. You will also be committing to a relationship with that broker for potentially a considerable period of time so it is important you are happy to have an open discussion about any challenges that come up along the way.
Now you are ready to do your research and take that all important step of putting your business on the market and getting prepared for the next chapter of your life. Therefore why not have a look at our video which provides glowing testimonials from previous clients of Sovereign Business Transfer. A business broker you can trust.