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How to prepare your business for the sale - view tip
You can maximize your business value by having a viable marketing strategy in-place - view tip
Important guide prior to announcing that your business is for sale - view tip
To whom to sell your business - view tip
#5 Timing Your Business Sale - view tip
#6 What is Your Company Worth? - view tip
#7 Cash Determines Price - view tip
#8 Listed 3-out-of-4 Businesses Do Not Sell - view tip

Sales Tip #4

to whom to sell your business

Individual Buyers

Corporate downsizing has brought into the market business managers who are looking for new opportunities. These qualified managers see themselves buying and managing an established small business close to home.

The Competition

The competition may buy your business especially if you have a business market niche or product-line that they need. Sometimes it is financially feasible to buy an existing operation than to take the time and capital to build one up.

Businesses Looking to Expand or Compliment Their Product Line

Sometimes an established business in your related field is looking to expand their operations or to move into a new product line or service. It may be a lot cheaper to buy an established operation instead of setting up shop in a new market.

Investment Groups

You may have an investment group looking for investment opportunities. These investment teams will buy companies to divest or merge with similar businesses. They will scrutinize a company very carefully.

Investment Groups buy companies that are in growing markets, have good financials, maintain key management, and meet their investment objectives. They will pay top dollar for a company if these basic elements are in place.

Let us help you find the buyer for your business

Contact us

get a FREE consultation

Krayton M Davis
Executive Director, Novars Group, Inc
1-804-527-1103

or e-mail your inquiry to:
kdavis@novarsgroup.com

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