Business For Sale By Owner
Selling businesses, particularly closely held companies, generally takes place through a brokerage, but this isn't the only way.
How to Sell a Business
There are many reasons for owners to want to sell their businesses. Sometimes the workload becomes too great. They may have expanded too quickly and need to refocus on their original companies. A partnership may dissolve, and the division of assets may require that the company be sold. Whatever the reason, there are several ways to sell a small, privately owned company. An owner can:
- List the establishment for sale in the classified section of the local paper.
- Get the holding placed on the International Business Brokers Association (IBBA) by a broker.
- Contact owners of similar businesses in the area to see if they want to expand their own companies by taking over the company for sale.
While it is certainly possible to sell a business without the aid of a broker, many people find the process easier with professional help. In addition to gaining access to the IBBA or other multiple listing services, a brokerage can offer other services to help sellers. For example, brokers may offer appraisal services or legal consulting.
RPI Commercial is a brokerage firm that can help new or experienced owners with all aspects of the process, from starting from scratch to acquiring additional holdings. Call RPI Commercial at 1-877-549-5210 or send an email to firstname.lastname@example.org for more information on how to buy or sell a business.