Selling A Café: Your Basic Options
It has come time to plan your exit strategy. You are ready to say farewell to being an owner/manager and general slave to your Seattle business. Before you make the decision to post it, you become aware of the work that would be involved in listing your café for sale. At this point, you need to reconsider your options.
You Have a Café for Sale. What Are Your Options?
While it is possible to proceed on your own, this may not be the best means of selling your business. Putting up a café for sale on your own can result in too many complications to even consider. If nothing else, time is wasted trying to promote the sale and find a buyer. You are better off spending it to ensure the business continues to succeed and will live up to a scrutiny of its valuation.
There are only two options for you to consider. They are:
A Real Estate Agent: He or she does handle real estate. However, while they can legally work to sell your business, this is not their expertise. Real estate agents focus on selling residential properties. They know the ins-and-outs of that aspect. They may not always be able to provide you with the best guidance or even serious qualified clients when it comes to your café.
A Business Broker: A business broker only handles the buying and selling of businesses. This is his or her area of expertise. An experienced business broker knows all there is to know about business valuation, confidentiality, qualified and serious buyers, and proper promotion. Working in this field, he or she also knows who to approach and what other brokers to contact in specific cases. His or her contacts may mean your Seattle business may find a local purchaser. It may also mean that someone from across the country or even from around the globe learns about your business and decides to invest.
In the long and short run, if you are planning to put up your café for sale, you have one obvious choice.
Is Your Cafe for Sale? Opt for a Business Broker
The answer to this question is simple. A business broker has the expertise and experience to help you find the right purchaser for your business. It is his or her business to spend as much time and energy on finding a serious buyer for your cafe for sale as he or she would for a larger corporate entity. A reputable business broker understands what needs to be done to sell your business in Seattle. He or she will be there to handle such things as:
- The handling of paperwork and documentation about your business
- Connecting you, the owner, with only people who are well-qualified and serious buyers and smoothing out any wrinkles that may be involved – interpersonal or business
- Make sure they visit during convenient times and do not disturb you, your business and the clientele
Above all, by using a business broker, you can continue to operate your enterprise until the word “Sold” replaces the last two words in café for sale.