Recently, one of the businesses listed on our website as a business for sale emailed us about their recent success in selling their business in the Philippines. We received an email from one of the children of the business owner we thought to share this experience with the wider community because there are some useful tips about finding buyers.The owner of the trading business had started the company in 1976 and had developed it into a substantial family owned business specializing in home decor products. The business had fairly done well over the years and the owner had decided that they would like to see what potential buyers may be prepared to pay for the business itself. A business sale would only be considered if the price was right. The owner did not wish to engage a business broker initially as they were not yet sure that they would proceed with any sale. Instead, they chose to place an advertisement in the paper in the classified section to gauge the response. The advertisement was placed for three consecutive days in a major newspaper without providing too many specific details. After placing the advertisement, there was not even a single reply… Read full this story
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