In general, selling a business takes 6-12 months, but this might vary based on your industry, the status of the market, and the accuracy of your appraisal.
We’re sorry you’re having this problem. There are steps you may take to boost the number of people who see your listing and inquire about it:
Make certain that all of your information is correct, precise, and descriptive.
Include several clear photos.
Consider purchasing some of our services (such as email campaigns, boosters, and spotlights).
Upgrade your account to a Gold Seller account.
Please contact us if you’d like to speak with someone on the team about improving your exposure.
We’re sorry this happened to you. Every day, our Client Success Team deals with a tremendous amount of inquiries, and we do our best to respond within 24 hours.
Please contact us, and a member of our Client Support Team will assist you as soon as possible.
It is critical that we supply serious buyers’ inquiries to every business owner. Our in-house team assures this by examining and limiting any potential spam inquiries that are recognised within our system before they reach your account inbox.
If you pay for your advertising, you will obtain real buyer contact information, but we advise you to do your own research.
Buyers will submit their contact information when they message you if you are on a paid advertising package. You must then contact these buyers directly.
We recommend that you send your financial information to a buyer only after they have signed a non-disclosure agreement (NDA).
You should set aside at least six weeks to sign contracts and go over any legalities. However, depending on the nature of the firm and any legal problems, this timeline may vary.
You certainly can. We offer a comprehensive guide on how to sell a failing business that will teach you all you need to know. You may also mark your listing as ‘distressed’ on our site so that buyers looking for distressed businesses can find it.
Hiring a lawyer to sell your business is not required, but it will make things easier for you. There will be numerous legal contracts to comprehend and sign, so having a lawyer on your side would be beneficial.
Yes. If you are a Sole trader or partner in a business, you must pay Capital Gains Tax. You can seek tax assistance under the Business Asset Disposal assistance programme.
Corporation Tax will be paid by limited companies.
You do not need a broker to sell your company. Hiring a broker, on the other hand, allows them to concentrate on the sale process while you concentrate on running the company.
You may speed up the process by doing a few things.
Upgrade your account to a Gold Seller advertising plan.
Check that you have accurately valued your company.
Make your business listing visually appealing (descriptive text, high-quality photographs, and correct information).
Improve your technology to increase your worth.
There are several strategies to market your company:
You can sell your company online and obtain visibility in front of potential purchasers.
A broker can assist you in selling your company.
We also offer customised services to assist you in selling your company. Please contact us if you want to learn more about these.
This is determined by your tastes and ambitions. You could contact consumers or prospective buyers in your network. You might potentially approach a competitor who may be interested in acquiring you.
You can also sell your company online with us and have access to thousands of potential buyers.
Because goodwill is an intangible asset, calculating its value can be difficult. To determine goodwill, remove the fair market value of the company’s net identified assets from the acquisition price.
If you have access to an accountant, they can be quite helpful in selling your firm. They will be better knowledgeable about financial insights, deal formats, and how to entice buyers.
Typically, the cash and accounts receivable are retained by the seller of the business. Other assets, such as equipment, the brand, and merchandise, will be transferred to the buyer.
In other circumstances, the buyer will take management of the accounts receivable so that they may immediately begin interacting with consumers and creating cash flow.
This is a document in which a seller discloses any warranties that a buyer demands. It is often created by the seller’s legal team and should contain as much information as feasible. This will assist a buyer in understanding the things revealed.
A Non-Disclosure Agreement, or NDA, is a vital contract that protects a seller’s firm during due diligence and negotiations. This paper is a legal agreement that ensures sensitive information is kept private.
Choose a broker with experience in your industry and business size. You should also establish a trusting relationship with them, and they should have your best interests in mind.
Please contact us if you need assistance locating the suitable broker.
Prices start from £228 a month. You can view other pricing plans here.
When you sell a business, your personal contact information will be kept private. However, everything you add to your listing (excluding your personal contact information) will be visible to the public.
Buyers can only contact you via the website, and all buyer messages are transmitted to you via our email system.
A buyer will send you an email, and all messages will be delivered via our email system. Before responding, you can also screen the messages.
Once your listing has gone live on the site, you may log in to your account and make changes to it. You can also keep track of your inquiries in your account.
We’ll notify you two weeks before your advertising period expires, giving you the option to extend it.
Alternatively, after your advertising period has expired, you can sign into your account and renew your listing.
Simply login in to your account and make the necessary adjustments. Changes to your personal information are immediately updated, while changes to your listing may take up to 24 hours to update.
Aside from purchasing additional perks to increase the exposure of your listing, you may also consider other options we offer. Please contact us if you want to speak to us regarding services we offer.
If you have another business to sell, go to your account and select the ‘create new listing’ button.
No. It is not possible to advertise the same business in various countries. We understand that you may want your listing to be seen by buyers in multiple countries. If this is the case, we can provide email campaigns that target customers from all over the world who are eager to invest in the sector and location of your firm.
Any modifications to your listing are queued for review, approval, and updating by our team. This normally occurs within one business day.
While your revisions are being reviewed, you will be unable to make any further changes, but your original listing will stay live on the site. Please keep in mind that any contact information you enter into your listing will be hidden. Buyers will contact you through our website.
