Broker: Nick Giles
$460,000 + Stock
Broker: Bryan Sui
Bay of Islands
$199,000 + SAV
Before hanging up the for sale sign, keep in mind that selling a business can be a long and complicated process; you must be prepared and armed with the facts so that you can avoid any costly mistakes.
Here’s a quick tip: don’t do it yourself. Remember, selling a business is not an easy task. If you want to do it the right way, you’re going to need the help of some experts. Start by talking to an experienced business broker, one with knowledge of your industry. A business broker can help define the actual value of your business, as well as connect you with the perfect buyers. You’re also going to need the help of an accountant or an attorney to help get your financial and legal documents sorted.
It can also be helpful to reach out to peers who have previously sold their businesses. Your friends can be a great resource during the transfer process. Find out what they did to make their businesses more attractive to potential buyers and what they would have done differently.
*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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