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I want to sell my business, anyone got any advice on how I should go about doing this?

(14 Posts)
Overmydeadbody Wed 01-Oct-08 21:11:41

I've made up my mind, I really can't carry on running this business myself, but I don't want all my work to just go down the pan, and it has the potential to do really well with the right owner behind it.

It's a catering business, but can be done from home around childcare with a big enough kitchen. Would have to still be in this area as it is local.

I was thinking of letting all my customers know, they may be interested, or have friends who are, but what other ways should I advertise?

Mumsnet local?
Flyers on public noticeboards?
Newspapers?
Online?

My brain isn't really working, any help would be greatly appreciated.

Overmydeadbody Thu 02-Oct-08 12:46:38

bump?

bettythebuilder Thu 02-Oct-08 21:33:02

what about the website www.mumandworking.co.uk I seem to remember they had a section for businesses for sale.

How will you value the business? A friend of mine has just sold a business, and used a specialist company who valued the business and then helped sell it- kind of like an estate agent for a business, iyswim.

Would you consider taking on a business partner?

Overmydeadbody Fri 03-Oct-08 16:29:12

thank you betty, I will look at that website.

TBH I just want a quick sale, so will sell it at the minimum it is valued at.

Legacy Fri 03-Oct-08 18:12:12

If it's a local business, then probably worth putting an ad in the local paper? I often see people selling businesses that way.

Overmydeadbody Sat 04-Oct-08 14:37:23

Yes I was thinking of trying the local paper.

captainofthemummies Sat 04-Oct-08 14:39:33

Whereabouts is it? I've been thinking of setting up on my own (no-one else wants to employ me,it seems grin) and I can cook!

Overmydeadbody Sat 04-Oct-08 15:01:13

Cambridgeshire.

Where are you?grin

Dubh Sat 04-Oct-08 15:22:02

Overmydeadbody, I'd recommend www.businessesforsale.com/

A huge website. I used it when I was thinking about buying a business.

Sorry you've had to come to that decision. Must have been hard.

Overmydeadbody Sat 04-Oct-08 15:37:09

Thank you Dubh, just looked at that site and it costs £99 to advertise for two months!shock

I don't have that kind of money sad

I might just contact my local NCT, maybe they'll help me out (as I have written a couple of articles for their magazines over the years)

expatinscotland Sat 04-Oct-08 15:49:09

Do you have an AdTrader?

Overmydeadbody Sat 04-Oct-08 15:53:55

Would that work?

I'm popping to the shops in a bit, I will find an AdTrader, I've never looked in one before but it might be a fab idea! Thanks expat.

expatinscotland Sat 04-Oct-08 16:44:45

have a look at one in the newsagents.

people sell everything in there - livestock, businesses, etc.

schwotz Sun 05-Oct-08 20:35:25

Have you also looked for some advice on businesslink
Buy or sell a business

Getting ready to sell
Here's how I marketed my business for sale
Here's how I planned an exit strategy
Here's how I prepared my business for sale
Here's how we prepared our business for flotation

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