Thinking of Selling Your Business
It is a Market
Businesses are sold in a market. Like all markets, sales turnover and prices achieved are ultimately governed by the relationship between supply and demand.
Business sellers will find there are literally thousands of business and business opportunities being offered for sale at any one time. It’s exacerbated today by the internet where the market is often global, but their market for business buyers is likely to be local. All are trying to entice interest in and contact from, prospective business buyers.
There will be competition. Just how much will depend on:
- What the business is?
- How many other similar businesses are being offered for sale?
- Where it is offered for sale?
- What price is being asked?
- What is the demand from ready, willing and able business buyers?
- Where are those business buyers?
- What, where and how is it being promoted to those prospective business buyers?
- Can business buyers find it amongst all the other offering available?
Business owners looking to sell really should investigate the market they are about to enter. Let’s face it, it is something they do in their own businesses, understand their market. The understanding should give them answers to the above questions. Entering into market without researching it first is usually not a good idea.
If you need more information, please talk to me:
Graham Long
Kevin Lovewell
M: 0401-308-385E: Click here to contact Kevin Lovewell
Member & Registered Business Valuer
Australian Institute of Business Brokers
Graham Long
M: 0428-649-791E: Click here to contact Graham Long
Member & Registered Business Valuer
Australian Institute of Business Brokers
Kevin Lovewell
M: 0401-308-385E: Click here to contact Kevin Lovewell
Member & Registered Business Valuer
Australian Institute of Business Brokers
What others say about Kevin Lovewell
Graham Long
M: 0428-649-791E: Click here to contact Graham Long
Member & Registered Business Valuer
Australian Institute of Business Brokers
What others say about Graham Long
