Business For Sale .pdf
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Title: Local Business For Sale From Emerald Business Board
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Local Business For Sale From Emerald Business Board
In todays market industry, there are still the small businesses that are definitely inferior to the
bigger ones. When the owners of these small businesses retire, only few people are actually
having the succession plan that works for retirement. According to a Business Succession Poll
conducted by TD Waterhouse, only 24% of small business owners established a formal plan for
retirement. Out of 609 small business owners, 23% said that it would be better to just close the
business once the time for retirement comes. Another 20% of the owners said that they would sell
the business into a third party; 18% plan to transfer the business into a family member; and 12%
plan to sell the business into a partner or employee. The big 27% of the business owners still have
no plan on what to do with their businesses when it comes to retire.
This survey proves that small business owners are still quite unsure of where the business is really
going. This may be because of the tough competition established among the bigger business
firms. This is also the reason why many of the owners think of selling their businesses to a third
party. This is another negotiation and transaction between two parties.
The Buyer And The Seller
When it comes to selling small businesses, there are two parties involved: the buyer and the
seller. The seller is an owner of a business who decides that its better to sell the company with the
reasons being on his own. The buyer, the one interested in buying the business, can be an owner
of bigger companies who has the money to invest for buying a new business.
Both parties have to agree with the valuing process or the companys appraisal. There is also the
so-called due diligence which is an important factor in analyzing the enterprise. Both the valuing
process and the due diligence should benefit both parties.
In the transaction of a business for sale, it is important that the seller should present all the
possible positive assets of the company stated in a best positive light. On the other hand, the
buyer should focus in digging deeper about the companys structure, potential, including all the
promises it offers.
If you wish to buy a business, the Emerald Business Board provides you list of categories of
businesses to choose from:
Business real estate
British Columbia Business
Finding A Business
During the previous times, the businesses available for sale are posted in the classifieds and
business listing websites. Although this is an effective way, this is also a slow process and is often
times not reliable. In todays internet, you can easily find the Emerald Business Board. This
company provides an easier and faster way of finding local businesses in your area. In this way,
the transaction is going to be smooth flowing and less hassle. This also helps in increasing due
diligence to make the deal happen.
business for sale