Need to sell my business

My business has been for sale with incompetent agents. I must sell as soon as I can due to severe health needs. The business is solvent and profitable but needs total commitment. I am a sole trader with no family and cannot afford to walk away. Are there other options open to me?

 

There are a number of other ways you can sell your business. Firstly, check amongst your friends, contacts, business suppliers, customers and competitors if they are interested in buying.

Also let your accountant know what you are proposing – not only may they know someone, but you will likely need their advice if you receive any offers.

You could advertise your business in national and local newspapers in the business premises for sale section. You could also advertise in relevant Trade journals.

Find your trade association through the Trade Association website.

Some magazines – many of them with their own websites – specialise in selling, like Exchange and Mart, Loot and Daltons Business.

Don’t forget word of mouth. Ask around among trade contacts, business associates, and at exhibitions and conferences.

 

Adam Wayland

Adam Wayland

Adam was Editor of SmallBusiness.co.uk from 2006 to 2008 and prior to that was staff writer on sister publication BusinessXL Magazine.

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