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How To Sell A Company In 5 Days

A full-price offer for their business, only 5 days after announcing it was for sale. The owner rubbed his eyes and re-read the email. He hadn't misread it, the buyer was offering to fly across the country to meet them that weekend. The week was a blur communicating with the buyer and reviewing the offer. But to the owners' disbelief, he received another full-price offer. Two full-price offers in a week. Is this the story of a Silicon Valley start-up? No, this is the true story of a small-town business with only $150,000 in revenue. Here's how they sold their business with DealBuilder:

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Can you buy a business with no money?

After a long search, you've finally found your dream business. The business is profitable, in your industry of expertise, and the owner is desperate to sell. Why hasn't it sold already? The owner has struggled to find a buyer with the necessary operational expertise. Having all the leverage in the negotiation, you propose the following structure:

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What business-for-sale listing site should I use to sell my business?

Once you've completed your DealBuilder project - it's time to advertise the sale of your business. Sure, DealBuilder gives you access to over 3,000 vetted Canadian Buyers. But we still encourage users to advertise across multiple listing sites. The only problem being the high number of business-for-sale sites, making it difficult to know which is the best bang for your buck. To minimize your research time, we've listed the best business-for-sale sites for Canadian businesses below.

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Red Flags You Should Know Before Buying a Business 🚩

Buying a business is one of the largest transactions of your lifetime. Making it a nerve-racking process, whether it is your 1st or 100th time. Our biggest fear is buying a 'lemon'. A business that looks great from the surface but is rotten on the inside. There are always risks to purchasing a business, many of which we can't control (like COVID-19). But we can reduce this risk by keeping an eye out for obvious red flags. This article will highlight a few red flags you should look out for when buying a business.

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The Exit Plan Guaranteed To Fail

Meet Jane. 5 months ago, Jane decided to sell her business - but it hasn't gone very well. Jane decided to sell her coffee shop after operating it for the past 12 years. Jane hadn't put much thought into selling, as she always thought her General Manager would buy the business. But this assumption turned out to be wrong. For one, her Manager didn't have the money to purchase the business. Second, after 12 years, her Manager was also ready to move on from the business. Jane started to worry, as she didn't have a back-up plan to sell the business.

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How to write your business-for-sale listing

Writing a business-for-sale listing ad is hard. Especially if you don't consider yourself a reincarnation of Billy Shakespeare. Writing a comprehensive snapshot of your business in under 500 characters ain't easy. Yet this is a critical step to selling your business. Here's a simple trick we use to create a high-quality listing ad in minutes.

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Meet the Buyers: The different buyers of Mainstreet businesses

Would you create an Ad without knowing whom you are trying to sell to? You could. But you wouldn't be very successful. This is the same when it comes to selling your business. Far too often, owners will scrape together a listing Ad without considering what type of Buyer is right for their business. The result? Your business gets overlooked because you are not speaking the language of Buyers. In this article, we examine how to talk to the 4 different Buyers of Mainstreet businesses.

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7 Ways Business Brokers Can Increase Deal-Flow

Deal-flow is either an accelerant or a barrier for your business. This is true of any industry, but especially that of Business Brokerage. As poor deal-flow may result in low commissions, bad clients, starvation, and/or death. A bit over-dramatic, but this is how important deal-flow is to our industry. Like compound interest, those who understand deal-flow benefit from it. Those that do not, pay for it. This is true whether you are an emerging or established Broker. A common misconception is that more experience = better deal-flow. When in reality, it is not that simple. As there are plenty of tenured Brokers whose marketing strategy is their reputation. This can be effective for referrals, but ineffective for inbound inquiries. Further, relying only on referrals can get you 'stuck' within a specific industry or deal size. The best way to avoid this is to build many different sources of deal-flow. In this article, we will explore 7 different ways we have found successful.

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Standing Out in a Crowd: How to Sell Your Franchise Business

There are over 750,000 franchises in the USA of which 7-10% are being resold at any given time. Quick math suggests there are 52,500 to 75,000 franchises for sale in the USA right now. How many are being sold in your city? In the hyper-competitive world of franchising - it can be hard to sell your franchise. The good news? There are a few simple things you can do to improve your chances of a successful sale. Let's break those down:

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Becoming A 2021 Business Owner

In a few quick months, COVID-19 has devastated Canadian small businesses. With the average cost exceeding $214,000, businesses have reduced their staff by 30% to survive. As we slowly restart the economy, we must plan for our 'new normal'. This requires us to adjust many of our 2020 goals and to focus on 2021. Our team sat down to discussed this transition and business ownership in a COVID-19 world.

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