Sell a Business for Cash

Create a Guaranteed Market for Your Business

The Problem

  1. If you were unable to carry on because of a serious accident or illness, what would you want to happen?
  2. If you were ready to retire, what would you do about selling your business?
  3. If you died prematurely, would your heirs be able to carry on your business or realise its true value?

When the time comes to sell your business, what are the alternatives? Suppose you don't have a buyer waiting and have not been able to find a buyer. What if pressure is on because of an accident or serious illness, and the clock keeps ticking. Your business brokers want 6 to 10% of the sale price. They have not been able to locate someone with enough money or interest to buy you out. Where do we go from here?

I think you will agree that what we don't want is someone who can only raise a down payment and have you take back a mortgage. That might be acceptable

What we really want is someone with the cash.

Then there is the price. A cash buyer can be hard to find. The person with cash is likely to use their cash position to squeeze your price to the very least value you are willing to accept in the circumstances. You are the person who best knows what your business is worth, and you are the person most determined to get that value when you sell your business, but an important factor to consider is that you may not be here to deal with the sale OR you may be too ill to enter into negotiations.

I can solve that problem even if it is a big problem to solve

We have seen what we do not want, so let's review what we do want:

  1. We want our price, the value that we set at the beginning.
  2. We want cash only, no terms of payment.
  3. We want no brokerage fees to reduce what goes into the bank.
  4. We want a tax free payment in the event of death.
  5. We want a tax free retirement benefit, available when we want to retire.
  6. We want a lump sum of money in the event of being diagnosed with a critical illness.

You do not want that little company you have nurtured and fed with your money and care ending up sold at a bargain basement price because your heirs had no sense of its value, or because you were under pressure to get out, or too ill to care about anything but getting better. You do want to retire when and how you are ready, without some business broker, who put nothing into your business, taking $50,000 plus GST out of your $500,000 company for comparatively little work.

My method of selling your business will produce your price in cash, with no brokerage fees. If you die your heirs will get your valuation of your business, in cash and tax free. If you fall critically ill you will have the money you need, without having to worry about losing your business while you recover. When you are ready to retire you will have a contract you can take to the bank in return for a tax free income that will let you do some real fishing.

One thing we do need is some time. This cannot be done overnight. It has to be part of a long term plan for your business, and it should be started as soon as practicable. The sooner you begin, the more benefit you will get. Don't put off this vitally important matter until the day you need to sell, or it will be too late and your business could end up in the hands of your bank, and be at the mercy of their business broker. Act now for the sake of your business and your future.