Where Can I Sell My Business?

Answer:
When you’re ready to sell your business, you

should hire a business broker. A business broker specializes in selling businesses – not just real estate. One way to find a business broker is by word-of-mouth. Check with your accountant or attorney as they may have established relationships with a broker.

A business broker will provide a professional valuation of your business, as well as a comparable sales analysis of your business. A broker should be able provide you with strategic plan for marketing the business to potential buyers. Although you may consider selling your business on your own, it’s more likely that you’ll get fair value for your business if you have appropriate representation by a business broker. Of course, you’ll pay a broker fee or commission which is approximately 10% of the sales price. If you’re selling an Internet based business, you’ll need a broker that understands the fundamentals unique to such a business.