A business sale can have many reasons, such as personal circumstances like age or health, focus on other activities or the next growth phase of the business requires a different kind of entrepreneur. Whatever the reason; through Brookz you get in touch with interested buyers and suitable successors. More than 50,000 entrepreneurs, investors and advisers are active on Brookz.
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If you are an entrepreneur looking to sell a business, your main concern is to find the right buyer. But where do you find the right buyer? And how do you make sure your biggest competitor doesn't know your business is for sale? This can all be done easily and anonymously via Brookz:
If you want to sell a business through Brookz, you do so by creating an anonymous sales profile. This profile contains enough information for a potential buyer to become interested in your business. But not too much and not too specific, so that it can only be disclosed by you if you want to. With Brookz you are in control: you decide which information you share and with whom you start a conversation.
The first question you probably asked yourself was how much is my business really worth? Using our proprietary valuation tool, you can quickly and easily calculate your company's value. You can choose from a free version with a rough estimate of the range of your company's value to a paid version including consultancy and a comprehensive valuation report.
Brookz is not an advisory party, but a platform that operates completely independently and 100% autonomously. Through our platform you can offer a business for sale and/or do a business valuation after which you will receive a report from us.
Choose the Vendor Package that suits you and connect directly with buying parties from our network.
In principle, any business can be sold, but the degree of success is largely determined by the preparation and preparation of your business for sale. First of all, the business should have as little dependence on the entrepreneur as possible, so you basically have to make yourself redundant. In addition, you need to make sure that records and accounting are up-to-date and that all other business information (financial statements, monthly reports, cash flow projections, etc.) is available on demand. Finally, it is wise to properly document in writing all agreements and understandings with customers, staff, suppliers, etc.
Sell a business is often a complex and time-consuming process. Including the preparation and preparation of your business for sale (see above), you should allow for a period of 1 to 2 years. The sales process itself easily takes 6- 12 months. It is certainly not the case that if you decide to sell a business today, you will be carefree on the golf course within 3 months.
A common question, one that is not easy to answer. In general, the value of a business is determined by its future earning power. Past results are an indication, but not a guarantee. There are several complex calculation methods to arrive at an understanding of the value of a business. However, the rule of thumb for value is often 3 to 6 times EBITDA. And that amount is then adjusted up or down for the specific market and competitive position of your business. Moreover, value and price are not the same quantities. Waarde is often the outcome of an arithmetic formula; price is what you get for it. With the Brookz Waarde Indicator you can calculate a well-founded indication of the value of your business
Selling your business usually begins with preparing a sales memorandum. This is a comprehensive description of your business including the most important key figures. In addition, it is wise to already determine an asking price. The next step is to look for potential buyers. There are various options for this, such as starting with placing an (anonymous) sales profile on Brookz. This allows you to quickly and efficiently gauge how much interest there is in your business. You can also actively approach potential buyers yourself, either through an adviser or otherwise. When sell a business, the general rule is: the more interest, the better. This is not only about the highest possible yield, but also about having a choice of buyers.
You can do a lot yourself, such as posting a sales profile on Brookz. But depending on your own knowledge and experience, it is generally wise to also use an adviser when selling your business. First of all for the valuation of the business, but also for selecting qualified buyers and negotiating. In addition, you need a lawyer to help you draft the sales agreement. Finally, it is advisable to have the proposed deal structure checked by a tax professional.
Hiring advisers comes at a cost. For an accountant, business valuator, tax consultant or lawyer, you pay 150 to 250 euros per hour. And if you have the entire process guided by an acquisition advisor, in addition to their hourly rate you often pay a success fee of 1 - 5% of the transaction value. Depending on the size of the transaction, and the number of advisers you engage, you should soon count on an amount between 50,000 - 100,000 euros. So make sure you keep the costs under control. Always ask for a clear quote in advance.
Of course, sell a business involves a lot of things. At all times, make sure you hire the right experts to prepare and ultimately close the deal. Make informed choices and create a solid exit plan. Don't get caught by surprise and proceed structurally, because the better you have things in place, the better the closing of the deal will turn out.
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