Helping a friend sell their business.
Discussion
Just looking for some advice on helping some friends sell their business, such as where to advertise etc. The business is a café, gallery and live music venue and has a house and studio next to the café. It is in a stunning location on the west coast of Scotland and is a successful business, sadly one of the owners has been diagnosed with MS so it is now too much for them to cope with. They are going on with an agent and setting up their own sales web site, but is there anything else they can do?
Alpacaman said:
Just looking for some advice on helping some friends sell their business, such as where to advertise etc. The business is a café, gallery and live music venue and has a house and studio next to the café. It is in a stunning location on the west coast of Scotland and is a successful business, sadly one of the owners has been diagnosed with MS so it is now too much for them to cope with. They are going on with an agent and setting up their own sales web site, but is there anything else they can do?
Are they selling the property itself of just the business ?Depending on this they should look at standard property websites and have the listing include the words 'studio' as this was what I looked for when I was looking. Also speak with MJQ.co.uk who list studio related properties and / or businesses.
Then there's the standard: businessesforsale.com type websites.
What's their website? Even it'd its not for the sale of the place; just their actual business website?
They are selling everything, so it's ideal for someone who wants a complete life change. They have a website for the business http://www.redroofskye.co.uk/ but they are also linking that to a specific one for the sale in the next couple of days.
There are hundreds of companies which help business owners sell but not all are appropriate for every business. There are specialists in terms of business size, sector and geography. Such companies also vary considerably in fees charged and work undertaken.
I've been working in this sector for 10 years and am Marketing Consultant for a company which provides impartial advice and help to business owners choose the right company(ies) to talk to. The advice is free and confidential. If you'd like some help then see my profile for the company website.
I've been working in this sector for 10 years and am Marketing Consultant for a company which provides impartial advice and help to business owners choose the right company(ies) to talk to. The advice is free and confidential. If you'd like some help then see my profile for the company website.
Alpacaman said:
They are selling everything, so it's ideal for someone who wants a complete life change. They have a website for the business http://www.redroofskye.co.uk/ but they are also linking that to a specific one for the sale in the next couple of days.
Lovely looking part of the world! It looks like a great place. I am in the market to buy a coffee shop at the moment, however, as much as I love the location, it's a tad far for me and the family to relocate :-( I also do live music myself, so could scarcely be better!
Best of luck with it. What I will say, is, if you go down the agent/seller route, chose wisely. I've been instantly put off from buying a business due to estate agents being clueless and frankly not listening to a buyers requirements.
Best of luck with it. What I will say, is, if you go down the agent/seller route, chose wisely. I've been instantly put off from buying a business due to estate agents being clueless and frankly not listening to a buyers requirements.
Jazzy Jefferson said:
...as much as I love the location, it's a tad far for me and the family to relocate...
Just to stick my nose in - but are you sure, couldn't this actually be the perfect opportunity for you and the family? ie, is it just your mindset re:travel which could prevent an amazing opportunity from slipping through your fingers?I know that sounds like really dodgy sales patter but in the past I placed restrictions on how far I would travel for who or what - and ultimately it boils down to time and distance, not physical barriers.
Jazzy Jefferson said:
It looks like a great place. I am in the market to buy a coffee shop at the moment, however, as much as I love the location, it's a tad far for me and the family to relocate :-( I also do live music myself, so could scarcely be better!
Best of luck with it. What I will say, is, if you go down the agent/seller route, chose wisely. I've been instantly put off from buying a business due to estate agents being clueless and frankly not listening to a buyers requirements.
Thanks, I would say don't write it off because of the distance, we moved 500+ miles to be here and the links to the rest of the UK are much better these days. At the moment I am just trying to help the owners as much as I can because they are friends, so I am trying to make sure they don't get ripped off by agents promising stuff they can't do!Best of luck with it. What I will say, is, if you go down the agent/seller route, chose wisely. I've been instantly put off from buying a business due to estate agents being clueless and frankly not listening to a buyers requirements.
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