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How Lisa Sold Her Business In 103 Days For Her Listed Price

companies for sale - franchise business Sunshine Coast

We are seeing an increased number of business sales where Vendor financing plays a role. This is partially due to the fact that the banks are not financing business purchases very often and hence the buyers are looking at alternate ways to leverage into businesses.

The length of time a business takes to sell, and the final sale price are influenced by a variety of factors, including the revenue, industry type, location, cash flow, the asking price, along with the current market conditions and Lisa’s business was no exception to this.

Vendor finance happens when the person selling a business also funds part of the purchase price. The buyer pays an initial amount upon settlement and then meets the balance (including interest) over an agreed period of time with regular repayments. 

Looking for a quick sale and a point of difference, Lisa decided she would be happy to offer vendor financing to buyers.

Instantly this opened up a new buyer pool. After only being listed for 1 month, Lisa received a full value offer. She was ecstatic as she expected the process to take longer.

From start to finish Lisa was listed with Bonza for a total of 103 days.

The idea of selling a business in this modern day and age can be quite overwhelming so don’t do it alone, contact Bonza today to see how we can help you get your business sold.

Every business sale is different...

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