Seller FAQ

What can business brokers do and what can't they do?

Written By: Harpreet Singh
May 10, 2012
Article #194


Business brokers are the professionals who will facilitate the successful sale of your business. It is important that you understand just what a professional business broker can do — as well as what they can’t.
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Why is seller financing so important to the sale of my business?

Written By: Harpreet Singh
May 10, 2012
Article #187


Surveys have shown that a seller who asks for all cash, receives on average only 70 percent of his or her asking price, while sellers who accept terms receive on average 86 percent of their asking price.
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What happens when there is a buyer for my business?

May 10, 2012
Article #188


When a buyer is sufficiently interested in your business, he or she will, or should, submit an offer in writing. This offer or proposal may have one or more contingencies. Usually, the contingencies concern a detailed review of your financial records and may also include a review of your lease arrangements, franchise agreement
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How long does it take to sell my business?

Written By: Harpreet Singh
May 10, 2012
Article #195


It generally takes, on average, between five to eight months to sell most businesses. Keep in mind that an average is just that. Some businesses will take longer to sell, while others will sell in a shorter period of time. The sooner you have all the information
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Why is seller financing so important to the sale of my business?

Written By: Harpreet Singh
May 10, 2012
Article #191


Surveys have shown that a seller who asks for all cash, receives on average only 70 percent of his or her asking price, while sellers who accept terms receive on average 86 percent of their asking price. That’s a difference of 16 percent! In many cases,
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What happens when there is a buyer for my business?

Written By: Harpreet Singh
May 10, 2012
Article #192


When a buyer is sufficiently interested in your business, he or she will, or should, submit an offer in writing. This offer or proposal may have one or more contingencies. Usually, the contingencies concern a detailed review of your financial records
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What can I do to help sell my business?

May 10, 2012
Article #193


A buyer will want up-to-date financial information. If you use accountants, you can work with them on making current information available. If you are using an attorney, make sure they are familiar with the business closing process and the laws of your particular state.
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