The key reason you hire an Internet business broker is to ensure the sale of your Internet business goes smoothly and you sell for maximum profit. It is for this reason that at So-Cal Business Brokers we are committed to offering you the best support throughout the sale. We have been selling Internet businesses for more than 20 years and we know what buyers are looking for and what it takes to sell fast. However, even with our support, there are a couple of things you need to do in order to sell fast and for the right price. Here are our top dos and don’ts.
Do continue operating your business
When selling the business yourself it is easy to be overwhelmed and end up paying more attention to the sale than running your business. As a result, the value of your business might take a dive before closing. The reason we advise you work with our Internet business brokers is so that we can take over the sale while you focus on the core operations of your business. It takes time to sell a business. You have to keep it profitable until closing if you wish to sell for maximum profit.
Don’t surprise buyers with undisclosed issues
The quickest way to lose serious buyers is by giving false information. Buyers will never purchase a business without performing due diligence. If they learn you provided false information or failed to disclose problems you might lose their trust. In the years we have been selling businesses we have learnt that there is no such thing as a perfect business. Telling us about your business’ current or past problems will give us a chance to package it in a way that doesn’t scare off buyers. Almost anything can be explained satisfactorily and that is what we are here to do as your Internet business broker.
Do minimize exposure to prospective buyers
You should not disclose everything to a buyer simply because you want to win him or her over. Information about your business should be disclosed in stages. Buyers should also sign NDAs to keep them from leaking information about your business.
Don’t tell employees you are selling the business
The sale has to be kept a secret even to your employees. If they learn about the sale they might leave in fear of the uncertain future. Losing employees will drive the value of your business down. Our team will handle the sale so that your employees never learn about the sale until the last minute.
Our commitment to you is to sell your Internet business fast and for the best possible price. Contact us now to learn about our services and to take advantage of our free consultation.