Selling an online business requires that you hire an experienced Internet business broker. The idea is to take the guesswork out of the equation. That is what you will get with us. At So-Cal Business Brokers we are committed to helping you sell your online based business fast and for the right price. We are a team of business brokers, transaction attorneys, accountants and financial advisors who work together to get you the best deal. However, if you are getting ready to sell your Internet business, there are a couple of mistakes we advise you to avoid.
Insufficient preparation
Just because yours is an Internet business does not mean first impressions don’t count. They do. The main reason most businesses fail to sell is due to lack of preparation. Our Internet business brokers can help with this. We perform a business valuation that enables us to reveal the flaws that your business has. We then use this information to improve your business. For example we can help document all your business processes, increase traffic to your online business, hire the right staff and help with reputation management. We know what buyers are looking for and will be able to make your Internet business more attractive to them.
Overconfidence
Some business owners believe their business is worth more than it really is. Others neglect activities necessary to make the sale a reality. When you hire us we will manage your expectations. We will also take over the sale so that you can focus on the operations that make your business more successful.
Not prequalifying buyers
Early prequalification of buyers is the key to a successful business sale. Serious buyers will not be scared away when you prequalify them too soon. In our experience at So-Cal Business Brokers we have found that prequalification draws buyers deeper into the sale. Early prequalification will also protect your sensitive information and keep you from wasting time with jokers. Our prequalification process involves checking documents like confidentiality agreements and financial background information.
Only entertaining cash offers
All-cash sales are unrealistic and will be detrimental to you on a tax perspective. For you to sell at maximum profit you must be willing to accept other payment options including seller financing. Our Internet business brokers evaluate each payment option offered by a seller to let you know if it is ideal for your type of business.
We have the experience and resources you need to sell your Internet business. Fill the form on the right to contact us. We offer a free, no-obligation consultation.