Selling A Business
Selling a business can be an extremely trying experience.
When a doctor falls ill, he does not diagnose himself, he seeks advice from a fellow doctor?
When you consider selling your business, as tempting as it is to take it on yourself, you will be well advised to seek advice from a colleague whose business it is to sell businesses, your business. Your accountant and your attorney are just that, financial advisors and legal advisors. If you have a toothache, do you see a doctor or do you see a dentist, your attorney and accountant are very important advisors during the sale process but they are not going to be able to give you the best advice on the sale of your business as selling businesses is not there core focus, ultimately you make the final decision.
On Selecting A Business Broker
The business brokerage you choose should understand your needs and requirements. They should be equipped to handle the sale of your business, with the appropriate knowledge of your industry and know who the industry players are. They need to be registered with the correct authorities and should have been established for a reasonable period of time.
Succeed Business Network are members of and registered with the
- Estate Agencies Affairs Board, a regulatory body that regulates the conduct of Business Brokers & Estate Agents. (Business Brokers are compelled by law to be registered.)
- Succeed Business Network management have been active in the intermediary space since 1991.
- We are also founder members of SABBA (South Africa Business Brokers Association) and serve on the EAAB Key Stakeholders Forum on behalf of the business broking industry.
Succeed Business Network does not take on every business offered to us to sell and therefore we don’t expect every company in South Africa to use our services. Being exclusive, we won’t compromise our standards and for this reason we prefer to be appointed on an exclusive basis. It’s about trust, belief, peace of mind and most importantly it’s about relationships. We start out total strangers but want to end up friends.
Auctioneering Services (realization of assets)
Through a close association with the country’s leading auction houses and being qualified auctioneers, Succeed Business Network is able to assist you with the disposal of any excess assets, be they stock, movables or immovable property by auction. If you are in an asset acquisition phase, Succeed Business Network can be hired as buying agents to assist you at auction or purchase on auction on your behalf, ensuring you get the best deal possible.
Commercial & Residential Property Broking
When selling real estate as part of transaction, the real estate value and business component value should be assessed separately. Many of the businesses that Succeed Business Network have sold have had a property component attached.to it. Succeed Business Network is qualified and able to offer you a commercial and or residential property broking service. This will give you peace of mind having to deal and transact with only one contact point to sell it all..