I Don’t Need Your service, I Can Sell The Business Myself

Selling your business on your own may seem like a cost-saving and straightforward option. Many business owners appreciate the ability to cut expenses and easily advertise online. However, before you proceed, consider why partnering with NOVUS Business Brokers could be advantageous, leading to the attainment of maximum value.

Choose NOVUS

While you excel at running your business, selling it requires a different skill set. Surprisingly, some sellers hesitate to engage a business broker to facilitate the sale. While saving on brokerage fees may be tempting, working with NOVUS Business Brokers can often add 10-12% to the sales price. While a for-sale-by-owner approach may make sense in certain situations, collaborating with NOVUS Business Brokers ensures effective handling of crucial tasks like preparation, showcasing the business to qualified buyers, marketing, negotiation, and achieving optimal value.

Buyer Qualification

Early pre-qualification of potential buyers is crucial for a successful business sale. It not only engages buyers more deeply but also safeguards sensitive company information from falling into the wrong hands. Pre-qualification ensures that only serious buyers with access to critical details participate. Necessary documents like confidentiality agreements and financial background information are standard requirements for prospective buyers interested in essential business information.

Valuation

Inexperienced sellers often set a price before determining the true value, a common mistake. Price significantly influences how long a business stays on the market. NOVUS Business Brokers conducts a thoughtful valuation process before assigning an asking price, staying attuned to marketplace prices, defending the price, and facilitating a faster, smoother sale.

All Cash Sale

In today's business-for-sale marketplace, all-cash sales are unrealistic and may have tax implications. Buyers often seek concessions such as seller financing, deferred payments, or assistance in obtaining third-party financing. This approach allows sellers to spread sales receipts over time, potentially avoiding higher tax brackets.

Confidentiality

Maintaining confidentiality is critical in a business sale to prevent adverse effects on sales and employee relationships. NOVUS Business Brokers excels in simultaneously marketing your business while preserving strict confidentiality. For those pursuing a for-sale-by-owner approach, creative targeting of marketing efforts to a small group of prospects can help maintain confidentiality.

Consider these factors when contemplating selling your business. While some owners believe that selling independently saves on broker fees, collaborating with NOVUS Business Brokers can provide valuable expertise and maximize your business's sale value.

Click here to speak with us confidentially for more information on how we can assist with your business sale.

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