subject: How to Sell Your Business in New Zealand [print this page] How to Sell Your Business in New Zealand How to Sell Your Business in New Zealand
You've built your business from the ground up, but now it's time to move on. Perhaps you've chanced upon a hot new opportunity, or you have to move away and your business can't come with you, or perhaps it's simply time for a change. If you want to sell your business in New Zealand, here are some tips for getting the most out of the sale:
Remember that selling a business is a little like selling a house. You want to impress anyone buying a house with a flash workspace, whether that's a snazzy retail location, a well-organized warehouse or a state-of-the-art workshop. Look over your space with the eye of a potential buyer what can you clean up, jazz up and spruce up to get things looking a little more appealing?
The visual aspects of your business aren't the only parts that could do with a little tweaking. No one wants to buy a business if the books are a mess and the inventory system was the same as that used on Noah's Ark. Solidify solid business relationships so you can show buyers the potential for growth.
Any serious buyer is going to want to go over your business accounts. If they're a bit of a mess, it could pay to have your accountant look over them.
One tip is to get rid of old stock before selling your business. You can often get a better price for it than if it were included as part of the business, and, in the buyers eye, the price of the business comes down, and this is a good thing.
And lastly, it may pay to discuss the sale of your business with your lawyer. You need to ensure because a buyer will ask your business licences are correct and up-to-date, and your business is functioning in a legal manner. It pays to check over potential problems like copyright and licensing laws in case these have changed.
Remember it could take time to find the right buyer, so don't make any rash decisions, and don't unplug from your business just yet. Keep building your reputation and client list and fixing problems as they come up, and you'll find yourself a buyer soon enough.
