When business owners want to sell their business, they either “go it alone” or hire a business broker. This article will discuss some of the advantages and disadvantages in using a business broker or going it alone when selling your business. This is not a complete list, but it will touch most of the important areas.

First of all is the cost. A business broker will charge a fee of about 10% of the sale amount, including the value of any real estate involved in the sale. Most brokers will have some kind of minimum fee, if the business being sold is a small one. If you sell the business on your own, you will save the commission. This may seem like an advantage, but when you consider the time it takes talking to all the “tire kickers” and the unqualified thrill seekers, it may be a real bargain. Only you can determine if you have enough time to handle the phone calls and other duties necessary to sell a business. If your business sells for $500K, a fee of as much as $50K, may go to the broker.

Next, you need to think about confidentiality. When you do it yourself, the prospective buyer knows who you are. They can learn to read your emotions and other “tells” that you may exhibit. A broker can keep your identity private until the time is right.

The last item in this brief list, is actually getting the word out, so as many prospective buyers as possible will know the business is for sale. Any person can go online and “list” their business for sale on a number of different websites. Many of these sites will require fees to get the listing in the most favorable spot on the site. Some will allow you to put the business information on the site for free. Access to this info may be restricted to registered site users and only a small part of your listing information may be shown. When considering the costs of website listings, they are relatively small in comparison to a broker’s fee.

Bottom Line Management has over 30 years providing people with exemplary broker services to exceed your objectives in the sale of your Atlanta business. Contact Bottom Line Management, LLC at https://www.botline.com, or 470-990-0160 to sell your Atlanta business and finally get a life that is not totally dominated by your business. Visit Bottom Line Management, LLC today at https://www.botline.com or 470-990-0160.

When business owners want to sell their business, they either “go it alone” or hire a business broker. This article will discuss some of the advantages and disadvantages in using a business broker or going it alone when selling your business. This is not a complete list, but it will touch most of the important areas.

First of all is the cost. A business broker will charge a fee of about 10% of the sale amount, including the value of any real estate involved in the sale. Most brokers will have some kind of minimum fee, if the business being sold is a small one. If you sell the business on your own, you will save the commission. This may seem like an advantage, but when you consider the time it takes talking to all the “tire kickers” and the unqualified thrill seekers, it may be a real bargain. Only you can determine if you have enough time to handle the phone calls and other duties necessary to sell a business. If your business sells for $500K, a fee of as much as $50K, may go to the broker.

Next, you need to think about confidentiality. When you do it yourself, the prospective buyer knows who you are. They can learn to read your emotions and other “tells” that you may exhibit. A broker can keep your identity private until the time is right.

The last item in this brief list, is actually getting the word out, so as many prospective buyers as possible will know the business is for sale. Any person can go online and “list” their business for sale on a number of different websites. Many of these sites will require fees to get the listing in the most favorable spot on the site. Some will allow you to put the business information on the site for free. Access to this info may be restricted to registered site users and only a small part of your listing information may be shown. When considering the costs of website listings, they are relatively small in comparison to a broker’s fee.

Bottom Line Management has over 30 years providing people with exemplary broker services to exceed your objectives in the sale of your Atlanta business. Contact Bottom Line Management, LLC at https://www.botline.com, or 470-990-0160 to sell your Atlanta business and finally get a life that is not totally dominated by your business. Visit Bottom Line Management, LLC today at https://www.botline.com or 470-990-0160.