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How to Sell a Business - SkyerBiz

2012.09.25

How to Sell a Business

Why Choose SkyerBiz to Sell Your Business? Selling your business is a life-changing financial decision to undertake. It will affect not just yourself, but your family's and your employees' lifestyles as well. Selling your store, restaurant, or any other business should be made with the same care and dedication that went into building it.



To get quality buyers for your store and to secure the best price for your business, it is very important that you engage your buyers over a secure and highly efficient platform to close the transaction. We understand that there are no shortcuts to getting a successful sale. Selling your business at the best price to the right buyer requires persistence, dedication, and professionalism.



At SkyerBiz.com, our site's efficient functionality and powerful platform will help you organize the presentation of your store's asset values, and to position your business in front of the right buyers. We help you get into the "buyer mindset", so that your buyer can see the same value of your store as you do.



You can receive inquiries, bids, and other relevant information from buyers and manage their information. This will help you determine their financial capability and experience in running your business. These are two critical factors that you need to correctly assess, especially if your transaction involves promissory note payments that your buyer needs to make good on.



Our platform enables you to gather and manage essential information about your buyers: Who they are; if they will actually operate and manage the business; if they have enough start-up capital and not totally rely on borrowed funds.



Restaurant for Sale

Do you have a restaurant for sale? A restaurant is a good example to show what you should prepare for in selling your store, because a lot goes into selling this type of business. If you want to get a good price above your restaurant's asset value, be sure that your records and books are in order and easily understandable.


*Be ready with clear profit and loss statements for the last 3 years

*Make an inventory of assets such as fixtures, furniture, and equipment and their replacement costs,

*Make sure that you have a way to prove cash sales,

*Organize your employment contracts and have them available for review,

*List any debt that will need to be dealt with during the sale transaction,

*If it's possible, get a list of cost of goods sold and monthly costs of food waste,

*Make sure your premises are clean an all your equipment are working,

*Your staff should be friendly, and the ambience should be pleasant to customers,

*Be ready with updated information on your lease, permits and licenses,

*Put your story in writing: How and why you went into the restaurant business, the obstacles you needed to overcome and the opportunities that made your business, how you advertise to your customers, and why you're selling now.



One last reminder, it's good to be ready with an incentive or two to induce the buyer to fully comply with the terms of your sale agreement.



Global Business Opportunities

SkyerBiz offers all kinds of business opportunities from all walks of life, in every corner of the globe. Here you can list businesses for sale as diverse as a furniture store in Turkey, to a Texas ranch, to an auto repair shop in Arizona. Thousands of buyers are attracted to the opportunities that SkyerBiz.com offers every day. No matter what type of business you're selling, we will always provide you with top-notch service.



Doing business on our website is simple, cost-effective, and efficient. Selling your business at SkyerBiz.com will gain you global exposure through our smart distribution. We help you reach more buyers and get the best price for your business.