Mon 27 Oct 2008
Resources for Buying or Selling a Small Business
Whether you want to buy a small business or sell your existing one, it can be difficult to know where to start.
Before you start your search for a small business opportunity or make a plan to sell your small business, it is important that you know your options.
Regardless of whether you are buying or selling a small business, there are two fabulous resources you have at your disposal.
Many people use a local business broker to buy or sell their small business. Generally, if you are selling a small business a business broker will only charge you if they sell your business.
It is important to consult with more than one small business broker to see what each has to offer you in the way of listing services.
Business brokers are also an excellent resource for individuals who are interested in buying a small business. Often, business brokers have a list of businesses that are for sale locally.
This allows you to get a look at what is available and what the price range for small business opportunities is. In addition, if you find something that interests you, they can help you during negotiations.
The Internet is an excellent resource for individuals looking to buy or sell a small business.
There are a number of online classified sites like BusinessMart.com, Craigslist.com and forums that allow small businesses to place for sale ads. This is a great place to start researching available opportunities when you are looking to buy.
Additionally, they are great places to spread the word when you are looking to sell.
If you need to sell your small business, there's no need to despair. Use the two resources above, and your search could soon be over.