How would you go about selling your business without a business broker?
I am thinking about selling my tanning salon but can't afford a business broker. I don't want to make mistakes with selling the salon. Any suggestions as to what you would do in my shoes?
Join us at Entrepreneur magazine's Growth Conference, Dec. 15 in Long Beach, Calif. for a day of fresh ideas, business mentoring and networking. Register here for exclusive pricing, available only for a limited time.My suggestion is to talk to more business brokers about this. Some are more expensive than others and some are worth the money they get because you end up with a much better deal. Be cautious of course, that's always a good idea, but talk to several.
If you assume you pay 6% for a business broker, then if you get more than 7% more by going through a broker, you're better off. Just make sure you're working with a professional. Get references of past deals, happy sellers, and call them. Check the broker out well.
That's just my opinion.
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