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When
is the best time to sell my business?
The best time to sell is when a business is doing well. It's
best not to wait until after a business has peaked; the selling
price can suffer. However, almost any business can be sold, even
if it is not doing well, if the sale is handled professionally
and priced correctly.
How
much is my business worth?
A company's value depends on many factors- such as cash flow,
asset values, financial history, condition of equipment and
premises, favorable lease terms, competition, location, and the
economy. By analyzing your business and comparable sales in your
industry, your VR Intermediary can advise you on the proper
pricing strategy for your business. For larger businesses we
recommend a third party valuation. Buyers are much more likely
to pay top dollar for a business when documented evidence
supports the asking price. Most financial institutions insist on
a business valuation before they will consider financing.
Why
not sell the business myself?
Most owners find that the frustration, expense and time involved
do not yield cost savings and many end up working with
unqualified buyers. In fact, because they do not have access to
a large number of qualified buyers, many owners end up selling
their business for much less than they could have received by
working with a well-established Intermediary. Plus, owners find
it difficult to work directly with buyers while maintaining
confidentiality. Selling a business is a specialized trade. Seek
professional assistance when it comes to selling an asset as
valuable as your business.
Why
use a full-time professional Intermediary?
Sellers benefit in various ways. The more significant benefits
include: the ability to spend their time managing their business
during the selling process, thereby keeping their net profit up
and maintaining the maximum sales price; the ability to maintain
confidentiality about the sale therefore not alarming client
bases, employees and suppliers, or giving a market advantage to
a competitor; and step-by-step assistance though the selling
process.
How
to choose the right Intermediary?
Who you choose to sell your business could affect the way you
live the rest of your life. Select a trained professional who
specializes in the sales of businesses only. Some questions you
should ask prior to making a decision are:
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Are you a full-time business Intermediary?
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Do
you work from home or from an office?
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What type of training have you received?
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How do you value my business?
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Do
you expose my business to a network of other full-time
professionals that are willing to show the opportunity to
their qualified buyers?
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What type of national and international exposure does my
business receive?
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What is your success rate of selling correctly priced
businesses?
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Why should I use VR to sell my business?
The VR
network has developed a proven system for selling businesses and
has been operating since 1979. VR is the only international
network of full-time professional business intermediaries
catering to the needs of their clients. When working with VR you
receive the following and much more:
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Confidentiality
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Maximum exposure
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Pre-screened buyers
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Negotiating power
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Advertising & marketing expertise
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International and national co-brokering
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Pricing and financing knowledge
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Experience
-
Proven results
To
learn more about selling your business, complete our
Request Information
form and a VR representative will contact you shortly. |