As with most industries and professions, multitudes of questions are asked and answered every day. More often than not the same questions are covered over and over.
In an effort to save time and to supply the answers to the most frequently asked questions, we have put together, below, the most popular FAQs. This way our visitors can find out what they want to know straight away rather than waiting for a reply from Harry after sending him a message.
Please don’t be concerned if your question does not appear below, just fill in the message form and Harry will get back to you just as quickly as he can.
The first step is to establish a sensible listing price. If it doesn’t meet your requirements, you may have to reconsider your decision to put it up for sale.
A buyer knows the name of the business for sale when they have provided a confidentiality agreement.
All care is taken to ensure this information remains confidential from staff, customers, competitors and is made known only to those who need to know.
At some point it will be prudent to get a solicitor involved.
It helps to use one that has familiarity with business sales.
It can take a couple of weeks to list a business for sale. It can take 4 to 10 weeks to go from contract to settlement.
The period in is determined by many factors including how long it takes to get it to market price; how long it takes to negotiate the deal including providing information the buyer needs; how long it takes to obtain required licenses and permits; how long it takes to organize finance and how long it takes to assign a lease among other things.
Obtaining finance for the purchase of the goodwill component of a business can be difficult.
It is generally better to go through a broker familiar with the difficulties rather than approach a bank yourself.
The saddest stories that a business broker hears usually come from someone who has not used a professional.
Businesses that transact through business brokers generally do so at genuine market value.
Contrary to popular belief there is no magic formula for valuing a business.
They are dynamic assets with many moving parts and each part has an impact on the price.
No? You need a valuation if you are involved in a marital dispute, want to disdain business partnership, figure out how much stamp duty you need to pay for changing ownership entity.
In those instances, important ramifications arise from the valuation and this makes a valuation onerous and expensive. When you are considering putting your business up for sale you just want find a range
Contact Harry Notaras at Hunting Business Sales and Valuation Services to arrange to have your business venture valued. Allow Harry to engage his high level of expertise and years of experience to gain a comprehensive valuation.
