Broker: Anika Gamba
Broker: David Pigou
Refer to Broker
When selling a business, before you name the final price and start taking bids, it’s crucial that you first learn about the market value of your company. Speak to an business sales expert to get professional advice. There are complex transactions involved in selling a business, for which you may be unprepared; it’s best to engage a professional who can guide you through the process from start to finish.
In justifying the value of your business, you can hire an appraiser or a broker to help perform a business valuation appraisal. While it may be tempting to sell your business single-handedly, remember that selling a business is a serious process, any mistakes made can be costly.
While every business owner’s selling process is different, some basic steps are typical of the process. These steps include: getting your paperwork in order, hiring professionals, making improvements to your business, organising financials and legal documents, setting a sale price, negotiating and finalising the sale.
Remember that these steps are just the tip of the iceberg. Selling a business is time-consuming, so make sure you have the energy and time to commit to it.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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