Frequently asked questions about Selling a business
How can I sell my business without everyone knowing?
At Global Petro Advisors, we take pride in keeping your business sale a secret. We ensure confidentiality so that no one finds out about it without your approval. Before sharing any important details, serious buyers promise to keep it all confidential. We make sure you’re comfortable before revealing any crucial information about your business.
How much does it cost to sell my business with your help?
You pay nothing if your business doesn’t sell. Our fee (10% on business sales and 6% on real estate) comes from a part of the sale money, and it’s only paid when your business is sold. We’re motivated to sell your business for the best price possible, and we don’t ask for any upfront payment. Our focus is on getting the job done well and getting paid when you do.
How do you decide how much my business is worth?
The value of a business depends on lots of things like its income, assets, past performance, and more. We do a business valuation in house and compare your business with others to find the right price. This helps us find buyers willing to pay a good amount for your business.
How long will it take to sell my business?
Now is a great time to sell because businesses are selling quickly. Selling time can vary, but often, we get offers within the first month and finish within three months. On average, it takes around 6 to 8 months.
What happens after my business is sold?
Once your business is sold, the possibilities are endless! You can explore new business opportunities or take a well-deserved break. Selling your business opens up exciting new options for you.
What about taxes when I sell my business?
When you sell your business, you might have to pay taxes. But it might be less if it’s considered a capital gain. It’s best to talk to a tax expert for advice specific to your situation.
Who will buy my business?
We have a wide network of different people interested in buying businesses. We’ll connect you with the right buyers, whether they want to run the business, invest, or grow by acquiring businesses.
When is the best time to sell my business?
The best time to sell is when your business is doing well. When your business is successful, it’s easier to find a buyer and get a good price. But even if things aren’t perfect now, we can still plan for a future sale.
Why should I use your service instead of selling it myself?
Selling a business can be challenging, especially if it’s your first time. We have a lot of experience and can help you every step of the way. Using our service opens up more opportunities because we have a big network of potential buyers. Just like you seek professional advice for taxes and legal matters, using a professional for selling your business is essential. We’re here to make selling your business a positive and successful experience for you.