Selling a business online

Selling a business online is the quickest and most affordable way to sell. When selling online, you can reach a large market of potential buyers very easily, and the costs are much lower than traditional advertising.

But when selling your business online, there are some things you really need to know.

Listing your business for sale with Trident Business and Corporate Sales accredited business brokers in Melbourne, means you will reach a targeted audience of interested buyers. Why this is important? Because Trident Business and Corporate Sales is a trusted name in business brokerage. People feel confident in purchasing and selling a business through Trident.

Why selling a business online is easier than you think

Selling a business online in Melbourne is also quite easy, because Melbourne is a very attractive place for buyers. Victoria is one of the three Australian states with above average wealth (NSW and WA are the other two), and Victoria’s more affordable cost of living than NSW and WA means most people have more disposable income to spend, and spend it they do.

As a result, many Victorian businesses prosper. Being the major Victorian city, Melbourne has the majority share of Victoria’s wealth, and that means buying a business in Melbourne is a very smart move.

It naturally follows that if buying a business in Melbourne is so desirable, it is a seller’s market, and in all the years we have been involved in business brokerage, we have found this generally holds true.

You do need to be aware that selling a business in Melbourne, whatever way you decide to sell it, may involve certain legal steps that need to be completed before you can walk away from the business with no further obligations.

For example, any business with a complete valuation of $350,000 or less will be regarded in Victorian state law as a small business. When a business that fits this category is sold, it is required to complete a Section 52 Statement. This is a form of business disclosure and must be provided to the purchaser prior to the signing of the contract of sale. Trident will liaise with your accountant when it comes to having one of these documents prepared.

The importance of continuity when selling a business in Melbourne

From starting the sales process to completing the deal can typically take over six months and up to one year so it’s important the business doesn’t deteriorate in the intervening period. The business will be valued on the way it is at a certain time and buyer’s interest will be based on that situation.

Any decline in the business will therefore cause the valuation to become unrealistic and may result in a buyer’s interest becoming less or the price they’re willing to pay reducing.

When selling a business online or otherwise, the very act of putting it up for sale can cause a change of attitude and a general relaxation of effort. It’s vital that doesn’t happen because it can jeopardise the successful outcome of the sale. The message is to keep doing what you’ve always done until the transaction is complete.

In addition to that, it’s necessary to help the sale and try to avoid it dragging along.

That means answering buyers’ questions promptly and fully, providing all requested information and co-operating as fully as possible. Never make promises you can’t fulfil, promote your business with passion and always be aware of what will interest the buyer.

Attention to detail will ensure the process of selling a business in Melbourne completes quickly and successfully.

Things you need to know before selling a business online

There are many other legal matters that it is necessary to know before selling a business in Melbourne. Many of these things are determined by the size and structure of your business, the number of employees you have (and the nature of their employment), your annual turnover, and many factors too numerous to list here.

You can make selling your business online in Melbourne easier by choosing Trident as your business broker. Trident is a leading business sales agent, and has extensive experience brokering the sale of Melbourne businesses of all kinds.

Putting your business up for sale is a big decision and the process can take several months to complete. So you’ll want to be sure the sale is in good hands and you’re always kept aware of what’s happening.

Selling a business in Melbourne and keeping track of progress

If you put your trust in Trident Business and Corporate Sales for the sale of your business, you’re in good hands. You’ll have a named negotiator responsible for the transaction so you’ll know whom to contact if you have questions or concerns.

We’ll gather all information we need to properly value and market your business, which will be featured through a variety of advertising channels to get maximum coverage. Our valuation will be explained to you and agreed in advance, and we’ll outline the sales process and discuss the options for marketing the business.

Those marketing options will be a mixture of traditional and online methods because selling a business online in Melbourne is now accepted and expected, and it is important to get the maximum coverage through all available marketing channels.

You will be kept fully aware of progress and will be informed of developments. Although we handle all steps and relieve you of avoidable stress, you will be in control of the process. While selling a business in Melbourne, it still remains your business and nothing in relation to it will happen without your express approval.

Contact the online business selling experts

If you have a Business for Sale or you are Buying a Business. Trident Business and Corporate Sales makes it easy. We are the Melbourne’s best Business Brokers & Business Sales Agents to get you the results you after. Our service is convenient, and contacting us is easy. You can phone us on 03 8687 2116 or email us at sales@tridentbusiness.com.au for prompt service and all the answers you need.