(PRWEB) October 10, 2004
On October 1, 2004, TheBizMarket(http://www.TheBizMarket.com) opened its doors and ushered in a revolutionary way to sell a business. TheBizMarket unveiled its new internet based system that allows business owners to market their business for sale like a professional business broker.
TheBizMarket takes internet business marketing to a new level with a complete professional marketing package that includes business preparation, pricing report, multiple channel marketing, buyer management, comprehensive resources and a multimedia presentation called a ÂBizmercialÂ.
TheBizMarketÂs goal is to help business owners receive the highest possible price through professional preparation, marketing and deal management.
Until now, business owners had only two choices; try to sell their business on their own or hire a business broker, who charges, conservatively, 10 to 12% of the sales price. On a $500,000 sales price, a brokerÂs commission could be as high as $60,000 and after taxes, the owner could be left with as little as $270,000 in their pocket.
Brokers justify their large commission fee through marketing, confidentiality, negotiation skills, deal knowledge and potentially getting a higher price versus a business owner selling on their own.
Selling a business is a difficult task even for brokers, in fact, only 1 out of 5 businesses actually sell, even through a professional broker.
Given the low success rate of business sales and the high commissions charged by traditional brokers, TheBizMarket is a low cost way for business owners to market their business like a professional and give them the highest probability for success.
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