14 Jun Visual for Selling a Business
Contactme.com recently posted a visual summary on their blog covering some basics of selling a business. We thought it was an interesting way of presenting the information. It included the costs, benefits and steps of selling a business.
Of course, we can’t help but comment on something you’ve heard us say over and over. While sellers are fond of the idea of receiving all the cash up front in the sale of their business (a possibility listed in the first benefit of the contactme.com visual), it is the job of business brokers to remind sellers of the benefits of offering seller financing. These benefits include increased sales price, additional funds received over time in interest, and even an increased chance of selling the business in today’s climate of scarce business financing.
