why business broker use an auction to sell a business?

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Why Business Broker Use An Auction To Sell A Business?

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Post on 06-Aug-2015

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Why Business Broker Use An Auction To Sell A Business?

A private auction can be conducted in many

different ways.

Start Here ........

Identifying potential buyers. Because of the likely selling price of the business, the buyer is more likely to be a business entity than an individual buyer.

After identifying the buyers, contact will be made with all of the ones that might have an interest in buying the business. The identity of the business will be kept confidential.

After executing confidentiality agreements and showing financial qualifications, the buyers are given another report about the business, disclosing its identity and giving more details about its business and finances.

The buyers willing to offer the highest price range, and who are likely to present a final offer, will be given the opportunity to meet with the owners, see the business, and given additional information about the business.

The chosen buyers present their final offer and the sellers negotiate with the best one to

reach a final deal.

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