Originally Posted by Steve
Welcome to our forum!
What did you think of the process of selling your business? Are there any tips you can offer others when it comes to selling a business? Any pitfalls to look out for?
I tried many time to sell my business. all failed.
It's very hard to sell a landscaping business.
Until I jumped in with both feet into another business.
When the interested party came to my office of my second business. I guess the party realized I don't need the landscaping business & I had a reason to sell it. This made all the difference in the world.
I sold it to a former employee of a large nursery.
Sold it for all cash with no balance.
In addition I have witnessed other businesses sell. I always talk to the person who bought it and the person who sold it. With a down payment and payments every month. Always the buyer never keep up with the payments.
The best thing is to get all you can get in cash. If you except payments as part of the purchase don't expect to be paid in full.