Zack&Zul

Any time can be suitable to sell your business. However, ideally when a business is doing well and making a profit, business has outgrown your resources could be an indicator for sale, if you are heading into retirement mode, market and industry trends are shifting. These can be considered as the right time to sell.

The timeframe to sell varies depending on the business condition, market condition and the sale price. Typically, based on our experience, selling a business can take between 3 to 12 months, and in some cases it may require more time.

Phase 1: Business preparation, including business evaluation. Phase 2: Business Sale process,includes: Marketing, Qualifying Negotiating terms Phase 3: Offer Acceptance and Due Diligence Phase 4: Documentation, Deal Closing, Payment collection Phase 5: Handover and Training

Yes, we strongly recommended having a lawyer to advise on the Business sale Agreement and other paperwork involved for the sale.

Seller financing is a popular option for business buyers and sellers. It involves the seller offering a loan to the buyer as part of the purchase agreement, often leading to a smoother and more flexible sale process.

Exclusive listing agreement benefits both business broker and the seller. When you are in an exclusive agreement with a professional broker, the broker will fully invest time and effort in facilitating the sale of your business at a faster pace, leading to a quicker sale.

Working with a business broker can lead to better results. They specialize in preparing, pricing and marketing businesses for sale. Additionally, they have access to a pool of potential buyers. Working with a business broker allows you to focus on running and improving your business, while they will work on the business sale.

Maintaining confidentiality during a business sale is crucial. If competitors learn of an impending sale, they may use the information to their advantage. Similarly If customers or employees hear that you are selling, they may worry about the company’s stability and future, leading to potential business and talent loss.

The duration for knowledge transfer varies by industry. In Retail or F&B businesses it may require 1 week to 1 month. For Manufacturing and Services businesses it may require more time between 3 to 12 months, subject to mutual agreement between the buyer and the seller.