Sell
Your Business
Frequently
Asked Questions
Are There Any Buyers In This Bad Economy ? Would I Be Better
Off Waiting For The Economy To Improve Before I Sell?
I
live outside the United States, can TheBizseller.com help me
sell my business?
What
information do you use to "pre-qualify" potential
buyers?
Is
it safe to use my credit card over the Internet? Can I mail
you my payment?
Are
There Any Buyers In This Bad Economy ? Would I Be Better Off
Waiting For The Economy To Improve Before I Sell?
Year
in and year out, the most common question I hear from business
sellers is, "How do I know how much my business is worth?"
Or "How can I determine the right price?"
But
since last fall, the question I have been getting most
often from sellers is some variation of, "Is now a good
time to sell?"
Or
more precisely, "Is there anyone out there who wants
to buy ?"
Well,
there are plenty of buyers out here - highly qualified and motivated
buyers is most cases.
Due
to layoffs the number of unemployed but highly qualified executives
and mid-level managers has increased in recent months. For those
former managers and employees it is nearly impossible
to find a comparable job with comparable pay, especially for
those in their 40's and 50's.
For
many businesses in the $500,000 price range or less, where the
owner manages the business day to day, these recently unemployed
professionals are the perfect buyer.
**They
have years of valuable business experience
**They
usually have significant financial resources - meaning they
can produce the down payment you are looking for and can qualify
for financing a significant amount.
**There
is the real possibility that they will have no choice but to
create their own opportunities if there is no future in their
previous industry.
**
They are looking for a business that they can own and manage
as a way of replacing there job.
As
the economy has worsened more qualified buyers who fit this
profile have been created and we are starting to see more
demand for stable, profitable businesses.
Meanwhile,
many owners who are ready to sell have been scared out
of the market by the constant din of bad economic news. If you
are one of those "ready to sell" business owners who
has decide to put things on hold now may be the perfect time
to get back into the market.
I
live outside the United States, can TheBizSeller.com help me
sell my business?
Absolutely.
In fact Canada, Australia and the Caribbean are some of our
stronger markets. (I will admit that Europe and South America
are not that productive for us at this time).
Canadian
and Caribbean businesses get a lot of response from both local
buyers as well as Americans interested in doing business in
these areas. And Australia is one of the most Internet savvy
countries in the world - we have gotten significant traffic
from Australia since Day 1.
If
you live in one these locations your business will be profiled
on a page dedicated especially to your country. See:
Canadian Businesses For Sale
Australian
Businesses For Sale
Caribbean
Businesses For Sale
What
Information Do You Use to "Pre-Qualify" Potential
Buyers?
You
can't sell your business without qualified buyers. The purpose
of the pre-qualification process is not for us to judge
who is qualified to buy your business – only you can decide
that. We screen based on how well the potential buyer's profile
matches your stated requirements and is therefore a legitimate
prospect for you to sell your business.
First
we match geographically.
We
ask each buyer within how many miles from their home their new
business must be. The prospect who lives 100 miles from
you (but wants to own a business within 10 miles of his
home) may not think twice about calling you just to pick your
brain and get a feel for the market. You'll never sell your
business to this person. This is one time consuming scenario
we can help you avoid.
Second,
we match based on Type Of Business.
Our
research shows that most business opportunity seekers do not
have a definite idea of what kind of business the want to own.
The restaurant owner who puts his phone number in a classified
ad is sure to get calls from prospects that are still in the
career exploration phase of their search. They may be
curious about owning a restaurant – but they're also curious
about many other types of businesses. It's hard to sell this
type of prospect any business.
The
chances are good that they'll never actually buy a restaurant
until they decide that is the only business they want. Therefore,
we make prospects pick one and only one business type.
Lastly,
we match you with potential buyers based on your asking price
and down payment requirements.
If
your are requiring cash or a substantial down payment TheBizSeller.com
will not refer buyers who do not have it. People with no credit
or bad credit will not be referred. You can't sell your business
to someone who doesn't have the money. These obvious mismatches
will be weeded out to save you time.
All
other prospects will be referred directly to you.
Is
It Safe To Use My Credit Card Over The Internet? Can I Mail
You My Payment?
The
answer to both questions is YES. When you use TheBizSeller.com
to help sell your business you can be secure in the fact that
we have taken every precaution to make your transactions secure.
TheBizSeller.com is built on a Gold Cart system that
utilizes SSL (secure sockets Layer) and encryption procedures
and interfaces with Authorize.Net to process credit card
transactions. No human eye ever sees the credit card information.
In fact, according to Susan Grant of Internet Fraud
Watch, "Paying with a credit card is the safest
way to shop. Federal law protects credit card users if
they don't get the product or if unauthorized charges are made
on their account".
If
you would rather not enroll via the Internet, you can still
use TheBizSeller.com to help you sell your business by
enrolling through the mail. The address is:
TheBizSeller.com
1510 Eldridge Parkway
Suite 110-104
Houston, Texas 77077
Just
print out the Confidential Business Seller's Registration form,
fill it out completely and mail it with a check, money order
or your credit card information. Include a check or money order
for $39.95. We will post a profile of your business as soon
as we receive it.
You
click here for the Confidential Seller Registration Form
For
Complete Details On How TheBizSeller.com Can Help You
Sell Your Business: Click
Here
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