Understanding the business buy/sell process is essential to an entrepreneurs ability to navigate it successfully!
West Palm Beach, FL (PRWEB) March 13, 2014
Transworld Business Advisors, a world leader in the business and franchise marketing and sales industry, recently offered rewarding tips to entrepreneurs looking to sell franchises and other privately owned companies. Transworld created the tips to help people selling companies to better price their firms, shortening the time it takes to transfer the ownership of their business to qualifying buyers.
Components of these tips include how to create a comprehensive business analysis, structuring a business sale, advertising a company to potential buyers, negotiating to price a company right and creating competition for a business. Transworld executives share that this advice is part of a "proven method has been used to sell hundreds of businesses and franchises."
To shorten the time it takes to sell their companies, Transworld advises business owners to get their business operations analyzed, including undergoing a thorough financial review and studying current and projected market trends. Findings from this comprehensive business review help sellers price their companies at competitive prices. However, Transworld executives have made it clear that, of all factors that affect how long it takes a business to sell, it's the price that's placed on a business that matter most. According to BizBuySell.com’s insight reports, small business transactions jumped 49% in 2013 because owners are receiving higher prices for businesses while buyers are getting more for their dollar.
Entrepreneurs who received Transworld's tips also learn that buyers will ask for background information, an asset allocation breakdown, copies of lease agreements, a detailed list of inventory and equipment that is to be included as part of the sale as well as warranties associated with the sale. Regarding lease agreements, Transworld executives say that, "Transfer of the lease is crucial to the success of the transaction. It will be almost impossible to consummate a deal unless the lease can be transferred."
Other seller priorities addressed in the tips included the importance of keeping deals confidential until after they close. Transworld was careful to let sellers who receive their tips know that, on average, it can take eight to nine months to land buyers for their companies, even if the companies are profitable and continuing to grow. Sellers who are interested in contacting Transworld to get tips or advice with the selling process, should contact the company by calling 800-205-7605, email them at info(at)tworld(dot)com, or view there tips on how to sell your business here.
Transworld has been helping entrepreneurs to sell their businesses for more than 30 years. The company has advised thousands of sellers and franchises through the sale process. Structuring the sale of a business is one of the areas that Transworld specializes in. Headquartered in Florida, the company has offices located throughout the United States and in international areas such as Singapore, Middle East, Central America and Canada. A community conscious company, Transworld gives back to several nonprofit organizations, including Junior Achievement, LifeNet4Familes Cooperative Feeding Program, Legal Aid Service, The Clery Center and The United Way. In addition to advising and assisting entrepreneurs with the sale of their businesses, Transworld specializes in mergers and acquisitions and helping entrepreneurs in the buying, creation, and selling of franchises.
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