How Long Does It Take
To Sell A Business
We have seen businesses sell in as little as 6 weeks, and others that take several months.
There are a variety of factors that come into play when determining how long it will take to sell your business.
If you do these factors well, you will sell in the quickest timeframe possible to you. Lets take a quick look at the factors:
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Four Factors Effecting Your Time To Sell
Factor #1: Your Price
The price that you decide to market your business at is a critical decision, and will have a great effect on the likely time it will take to sell. If you’re overpriced, buyers simply won’t progress any further. If you’re underpriced you may sell quicker, but undervalue. The key is to make sure you price the business at a point that suits your needs, but at the same time is seen as fair value by your buyers. If you need help with this, click here and book in an appraisal with a Bonza Sales Expert today for an obligation free chat.
Factor #1: Price
If you’re too overpriced, buyers simply won’t progress any further. If you’re underpriced you may sell quicker, but undervalue.
If you need help with this, click here and book in an appraisal with a Bonza Sales Expert today for an obligation free chat.
Factor #2: Advertising
It sounds simple, and it often is, the more buyers that see your business the higher the likelihood you will find your buyer sooner leading to a quicker sale. It’s hard to sell a secret. Once the decision is made to sell your business it is best to invest into vast exposure to make sure wherever your buyer looks they will find you. At Bonza we cut no corners with your advertising whilst providing great value. Your ad will be listed on all of the below websites, plus our Bonza Buyer Database:
Factor #2: Advertising
The more buyers that see your business, the higher the likelihood you will find your buyer soon leading to a quicker sale.
At Bonza we cut no corners with your advertising listing you on all of the below websites, plus our Bonza Buyer Database:
Factor #3: Representation
Have you ever walked into an expensive car garage and the salesman hands you a 50 pages outlining the cars specs and features? Of course not. You are handed a shiny, modern brochure that suits the level of investment you’re considering making.
There is no difference for a business sale. Your representation is the first tangible part of your business sale and in many cases will be the difference between a buyer moving from an enquiry to an offer, or never making contacting.
Plus, most buyers are first time buyers, which means the clearer your business is presented to them, the more confident buyers will feel to make offers.
We create a professional Business Profile document that answers most of your buyers questions in one place, allowing them to book an appointment with a Bonza Sales Expert to discuss your business further, or make an offer using the built in offer form.
Factor #3: Representation
Your representation is the first tangible part of your business sale and in many cases will be the difference between a buyer moving from an enquiry to an offer, or never making contacting.
Also, most buyers are first time buyers, which means the clearer your business is presented to them, the more confident buyers will feel to make offers.
We create a professional Business Profile document that answers most of your buyers questions in one place, allowing them to book an appointment with a Bonza Sales Expert to discuss your business further, or make an offer using the built in offer form.
Factor #4: Who Deals With Your Buyers
Getting the buyer enquiry is one thing, but knowing how to deal with them is another. You want to quickly filter out the tyre kickers, and move the serious buyers down the path to buying.
If you’re serious about selling, don’t take chances with your result. Experienced business sales professionals supporting you will likely be the difference of achieving a sale, or not.
We have over 40 years experience in dealing with business & franchise buyers. We’ve got your back from your very first enquiry to settlement.
Factor #4: Who Deals With Your Buyers
Getting the buyer enquiry is one thing, but knowing how to deal with them is another. You want to quickly filter out the tyre kickers, and move the serious buyers down the path to buying.
If you’re serious about selling, don’t take chances with your result.
We have over 40 years experience in dealing with business & franchise buyers. We’ve got your back from your very first enquiry to settlement.
Doing the above 4 points to your best ability will get your business sold in the shortest period of time possible.
Our Bonza Complete Package is built to tick these boxes for you.
For a more specific chat, contact us on 1300 266 922, or feel free to book in an obligation free appraisal meeting at a time that suits you.
Doing the above 4 points to your best ability will get your business sold in the shortest period of time possible.
Our Bonza Complete Package is built to tick these boxes for you.
For a more specific chat, contact us on 1300 266 922, or feel free to book in an obligation free appraisal meeting at a time that suits you.
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Doing the above 4 points to your best ability will get your business sold in the shortest period of time possible.
Our Bonza Complete Package is built to tick these boxes for you.
For a more specific chat, contact us on 1300 266 922, or feel free to book in an obligation free appraisal meeting at a time that suits you.