There are many business brokers and many types of different business brokers. We would recommend going strictly with a specialized business broker when selling your accounting practice. This may seem obvious but we have heard some real horror stories about normal business brokers trying to sell your professional practice. In fact, we often get phone calls from other brokers asking questions regarding purchase price, retention periods, etc.
You want to bind the Seller to the deal as much as possible. Prior to signing the letter of intent, you, the buyer, should clearly think through the terms of the deal. Pay close attention to the language used in the document. You should write the letter of intent and then fax it to your attorney just to have him read it. You don’t let him try to make a 20 page contract out of my letter of intent. You want his legal advice only. Use the Letter of Intent as a leverage tool to be able to go back and re-negotiate different parts of the deal.
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A business broker will market your business and assist you with the sales process. A broker will help you in prepping your Business for sale Pattaya and some will even help with putting together an exit strategy. They will attract buyers, get your business sold quickly and help to get you the price you are asking for.
Your website is like the lobby of your company. If the lobby is shabby then that is a reflection of the type of business you have. Some websites have a professional look but much of the basic information is hidden deep inside the site that a prospect buyer or seller might just click back and search for another broker out of pure frustration. Here are recommendations for Business for sales on how to improve their website by making some fundamental and basic changes to their site.
On the other hand, you can fix a standard fee and can consider a percentage of the sale amount over and above that. The best way to fix the fee would be to fix it right at the start of the deal, before his or her work commences.
Taxes, licensing and so on. Make sure you talk with a lawyer and an accountant before trading that day job to make money at home. You will still have to pay taxes. And, depending on the field, there might be special licensing and zoning requirements, too. Plus, you’ll be the one responsible for the books.
The variety of printing businesses also opens many doors for the possible buyer. The many types of businesses that make up the printing industry will let the potential buyer find a niche that is just right for them. There are also franchise operations available and off shoots like screen-printing and specialty printing companies. This gives the buyer a selection to consider and study for the best fit for them, both financially and from an owner’s viewpoint. There is also the printing broker aspect that may be the easiest to enter, as the money needed to do it is rather small. This business category is full of many different opportunities.