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Selling your business, yourself:
The process of selling your business requires time and persistence.
The financial savings from commissions can be considerable. In addition to the 10% commission Brokers charge, there is usually an additional commission of 8% of gross rental payments when the transfer of a lease is required.
When you use a Business Broker, you do the work anyway! Unlike the sale of real estate, you, as a business seller must interact with a potential buyer. The result of your contacts with a potential buyer will determine whether your business is sold or not. If you are effectively selling your business yourself, then why pay a high commission?
You will have to deal directly with Buyers and lead them through the steps of the sales transaction.
Considering what is at stake, one mistake could be very costly.
The process of educating yourself to sell your company is a long one. It is hard to imagine getting it "right" on the first or second attempt. Different Owners need different kinds of assistance - all need help at one level or another.
(See "Main Page, SellBizYourself.com/Educating yourself to sell your business")
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