If you’re thinking of selling your small business, you might be wondering what the best way is to approach it. It’s important to choose the right method that suits both you and your business, particularly when it comes to small businesses. This is because you may not want to spend precious time and money on certain selling services.
With that in mind, you have multiple options when it comes to selling your small business. Here we talk you through each one and help you come to an informed decision on the best path for your business sale.
Whether you’re looking to get the most out of your sale, or you want a hassle-free service, there’s a right method for you.
Selling Your Small Business Through an Agent
Business agents are the most traditional method to sell your business, and it’s often the method that businesses default to. This is because many business owners don’t wish to be involved in the process, and would rather hand it over to an agent.
Business agents can be experienced in your industry, which can mean they are able to negotiate a good deal on your behalf. However, it can take time and effort to find the perfect business agent to suit your needs. Hiring an unsuitable agent could cost you the sale of your business. Furthermore, the sale of your business could be slowed down as your agent coordinates between yourself and the buyer.
With that in mind, if you’re trying to sell a small business, you might not have the resources to spend on a business agent.
Selling Your Small Business With a Listing Site
Listing sites are a great option as they provide a virtual shop window for your business. You are able to sell your small business to a wide audience, and generate good interest in the sale through your advert.
If you sell your small business on a listing site, it is likely that you will need to deal with enquiries offline and separately from the site. This can be very time consuming and can be tricky to keep up with, as it means organising your own communications. Once your advert is live, you don’t get the opportunity to interact directly with prospective buyers, which can make it difficult to secure a good deal.
As a small business owner, you might need a little more guidance at your fingertips to ensure you can find and secure the right buyer.
Selling Your Small Business With Bizdaq
Small business owners are usually looking for a quick, hassle-free selling process that they can have their say on. Traditional agents and listing sites will offer some aspects that may work, but on the whole, you might benefit from looking at a more modern, digital solution.
At Bizdaq we offer a free, quick and easy way to sell your small business. On average, you’ll save over £10k on agent fees by selling your business online with us. This is ideal for a small business that may not have a huge budget for selling resources.
Manage your sale in your own time, when it suits you, through our online platform that keeps everything in one place. View up-to-date information including viewings and negotiations, and be listed in front of thousands of active buyers.