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Hi friends
I'm not sure if this topic has been discussed here before, however a quick search has me thinking not.. I'm trying to gather some creative ideas in an attempt to sell a family members business, they've approached me to do this for them. This being my first time ever trying to sell a business, naturally I'm a little clueless as to how to get it out there for max exposure.
It is a local business with a number of national clients here in Australia, it is in the embroidery/clothing market, and is easily profitable with a leading reputation. The reason they are selling is due to health concerns.
Up until this point my main approach has been targeting like-minded businesses through direct mail proposing an investment opportunity and advertising on websites tailored to selling businesses.
I'm compiling a short video presentation to give visual feedback to any interested parties but have yet to send this out yet.
Does anyone have any experience in successfully selling a business they'd like to share and any other ideas on how to gain more exposure and interest from possible prospects?
I'm curious about this.
How about a sign at the door and message on the website saying: "This business is currently for sale. Contact for more information".
If you needed the quick sale, yeah a business broker would definitely save you some time and headache I'd imagine.
Although they just want commission, they would probably find the best price, in hopes to make more money for themselves right? So it's kind of a win-win?
@stefan.mrj - I would of course first though try to trade some equity for someone else to run the business. So you can at least get some checks over time instead of having to find the perfect buyer right away. Worst case scenario, chug some business books and wing it until you can figure out the other things.
I'm curious about this.
How about a sign at the door and message on the website saying: "This business is currently for sale. Contact for more information".
If you needed the quick sale, yeah a business broker would definitely save you some time and headache I'd imagine.
Although they just want commission, they would probably find the best price, in hopes to make more money for themselves right? So it's kind of a win-win?
@stefan.mrj - I would of course first though try to trade some equity for someone else to run the business. So you can at least get some checks over time instead of having to find the perfect buyer right away. Worst case scenario, chug some business books and wing it until you can figure out the other things.
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