![]() I do like the idea of businesses being more self-sufficient and taking things into their own hands. For very small businesses, I don’t think brokers offer anything particularly valuable. Moore says: “I’ve always questioned the need for a broker at the smaller end of the market. >See also: How to sell your small business when you want to retire However, if your turnover is less than £1m or your profit is less than £100,000 per annum, it is simply is not worth a broker’s time to put in the 200 hours of work needed to properly market and sell a business, says Lee.ĭaren Moore, group commercial director of accountancy network TaxAssist Accountants, agrees. ![]() That said, Clinton Lee, a consultant who specialises in helping sell businesses, believes that all but the smallest businesses would benefit from using a reputable broker. >See also: How to sell your small business through a brokerīecause you do not have to factor in broker fees, you can offer you can find yourself selling your small business without a broker for more.Īnd because you are not tied into a broker, there is no penalty if you do change your mind and take your business off the market. In the end, nobody is going to love your small business as much as yourself, so why not handle your sale yourself?īeing able to respond to background checks and due diligence queries directly is another plus, rather than having to wait days for your broker to forward questions from your buyer. Anecdotally, 96 per cent of businesses listed with brokers never sell. And brokers can have hundreds of other clients, with often only a small number of staff to handle all enquiries.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |