I started my own electric repair company about 6 years ago. The business has really taken off and now I would like to sell it to add some money to my retirement. How would I go about doing this? How do I give my business the exposure it needs to sell to a prospective buyer? Is there a market for this?
2006-08-30 08:56:49 · 3 answers · asked by Sabin 1 in Business & Finance ➔ Small Business
Try to find a competitor who would love to take you out. you might even offer to work for them for a while.
2006-08-30 11:18:27 · answer #1 · answered by united9198 7 · 0⤊ 0⤋
First off, depending on where you are located, you have have to decide whether to sell it as a share sale or an asset sale. Luckily I was getting my year end done at the accountant and mentioned I had a buyer, he asked whether it was an asset or share sell, I said an asset sale because that what the Realtor wants. He said of course he would want that because it's less paper work for him. The accountant said "got a couple of minutes, I'll show you. Well that couple of minutes saved me over $50,000
2006-08-30 15:33:22 · answer #2 · answered by whtcamp 3 · 0⤊ 0⤋
You could work though a business broker
Contact me (I'm not a broker).
2006-08-30 10:37:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋