1.00 Indian rupee ₹ The Right Process To Sell A Business Mumbai

Published date: January 23, 2021
Views: 3
  • Location: Mumbai, Mumbai, Maharashtra, India

The Right Process To Sell A Business

Just like many businesses/entrepreneurs start new businesses, there are also many who are willing to sell their businesses. The reasons behind it may be different. When a business is started properly, there may be disputes in the partnership, management may not be able to do it properly, the financial situation may be bad, the business owner may be too old to handle it, retirement may have come or financial loss may have occurred. There can be many reasons for this. Sometimes business owners migrate, so they are willing to sell the business. It takes a lot of effort for any businessman to build its business. (BBGV2312021)

Money and resources are at stake. With the help of some professional investors, they make their business successful with their unique concept and as its market value increases, they sell their business at a higher price. E.g. Flipkart. Flipkart is a very successful and leading e-commerce Company ... However, after getting a good offer from Walmart, they sold it to Walmart. This is how the business is sold. Facebook similarly took over WhatsApp. The main purpose of selling a business is obviously to get a fair or even higher value. It is important to find the right buyer or broker with the right terms and conditions. A proper process has to be created when selling a business.

Create an in-depth profile of the business

When creating a business profile, it is necessary to mention some things in it. Asset listing is required. What is in your business? How much are real assets? How much is the stock, machinery, raw material? How many employees are there? What is the size and value of the business? What is its customer base? All of these things should be included in the profile. It is important to evaluate your business.

All types of licenses

It is necessary to make a list of all the legal documents related to the business, like licenses. E.g., GST Certificate, Certificate of Registration, Export License, Dealership, Various Other Important Licenses, etc. Also, some of the standard legal documents and agreements related to business sales include:

• Purchase agreement
• Property list
• Non-Competitive Agreement
• Website usage and guidelines for domain names
• Bill of sale
• Security agreement

Project Report

Just like a project report is made when starting a business, a project report has to be made while selling a business. The project report gives the most important information about the business in detail, in which the annual turnover of the business should determine the value of the business according to the total cost, workplace rent, staff salaries, and other expenses.

Marketing for Business Sales

You can advertise online to sell the business. You can notify important people in your network. You can also seek the help of a professional consultant.

It takes time to sell a business. Follow the tips and best practices I described above to go through that process and get the maximum purchase value for your company.

Ask Yourself, Do You Need Help?

Sometimes for some reason, professionals have to sell their business. Finding the right buyer is a daunting task. Do you need my help in this matter? We will guide you about this. You too can take a step forward.

Contact Us

450, Mastermind One - IT Park, Royal Palms, Aarey Colony, Goregaon (E), Mumbai, Maharashtra 400065

Ph: +91 8097027355, +91 9137256150, +91 9222086563

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Useful information

  • Avoid scams by acting locally or paying with PayPal
  • Never pay with Western Union, Moneygram or other anonymous payment services
  • Don't buy or sell outside of your country. Don't accept cashier cheques from outside your country
  • This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"

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