- How long does it take to sell a business?
The average is about 7 months, however some businesses simply
will not sell, they are either priced too high or the seller
cannot defend his asking price. All businesses will sell,
if presented properly.
- How do I price my business?
No business can be fairly priced until an evaluation is
done. Most businesses are priced too low, thus losing thousands
of dollars. Presenting the business is the key, along with
the terms, financing and good old fashioned salesmanship.
- Why can't I do what you are doing?
You can do what we are doing. It would cost you roughly
$2000.00 per month to advertise on 50 plus websites. We
are also able to pool our buyers, meaning that with over
300 businesses we are able to move many of our buyers to
various businesses. We generate over 40 buyers per day,
you cannot do that with just one business. You would also
need to qualify each of the buyers.
- How many buyers will I get?
We have some sellers that receive many responses and others
very few. It depends on your asking price, your ability
to defend your asking price, location, profitability and
type of business. Remember, it only takes one buyer to buy
your business. We are a for sale by owner company and therefore,
it is very important for you to be mentally prepared for
each buyer and use an evaluation of your business.
- Do you offer financing or what if the buyers don't
have enough money?
Matchmaker Business, Inc. will assist you in arranging financing.
Most businesses will have to finance part of the selling
price themselves, in other cases SBA loans or bank financing
can be arranged. We partner with many private financing
sources which has proved successful.
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- How much is your fee?
We charge a flat fee when your business sells, and only
if it is to one our buyers. Our fee is generally about a
third of what brokers charge.
- What is the difference between you and a broker?
We have you sign a non exclusive agreement and if we provide
the buyer you pay us a fee. If you sell your business to
someone other than one of our buyers, there is no fee.
We advertise your business on over 50 For Sale By Owner
websites. Brokers use maybe 2 or 3 websites.Matchmaker Business,
Inc. reaches over 2 million buyers each month.
We will advertise your business until sold, Brokers use
6 to 12 month contracts.
- Do you accept all businesses?
No, you must be profitable, not in bankruptcy and offer
a good value for our buyers.
- How do I get started with Matchmaker Business,
Inc.?
Contacting us is your first step. We will come to your place
of business, take photographs, do an in-depth profile and
perform a business evaluation, ( if necessary). This takes
approximately 1 to 2 hours, so you should allot this amount
of uninterrupted time. Additionally, you will need at least
3 years tax returns.
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