How can we sell our food business?

Question

We would like to sell our food establishment. How long do you think it will take. What can we say in the advertising that would make it appealing to a potential customer. How long does it take usually, to sell a food business. Please offer your suggestions. Thank you so much.

Answer 1

There are no guarantees in this business. Generally, the bigger a business is, the easier it is to sell it.

Generally, the fastest way to sell a business is to sell it to people who already operate it. You may have a management team willing to buy you out; in some cases, you can convert a privately-held business into an employee-owned company.

If none of these options are viable, you need to look for a buyer very quietly; if your suppliers and customers find out you are trying to sell out, your business may suffer. In practice, you usually higher a business broker (if the business is small) or an investment banker (if the business is relatively large), who gets paid a success fee upon closing of the sale.

Answer 2

use a business broker. it's not easy to sell a business and could take a long time.