RTA Business consultants
Discussion
What exactly were your bad experiences though? Was it simply that your business failed to generate enquiries? RTA, as with many other similar sites is essentially the equivalent of AutoTrader. They can get your business out into the market and help you make it attractive but cannot guarantee enquiries.
The way they and various others operate is to take an upfront fee, list you on their website and wait to see if they get any bites. When you eventually get fed up and want out you will find you are tied in for a further six months.
They don't have any database of potential buyers and are next to useless in that they don't get involved in assisting any transaction to happen if by some miracle a buyer trips over their website.
If its any help I was in the business of selling businesses for some time, I cannot help you directly but can certainly help you avoid pitfalls and make a few suggestions that will help make your business more attractive.
If you want a hand feel free to PM me
for the avoidance of doubt I'm not offering you any form of "service"
They don't have any database of potential buyers and are next to useless in that they don't get involved in assisting any transaction to happen if by some miracle a buyer trips over their website.
If its any help I was in the business of selling businesses for some time, I cannot help you directly but can certainly help you avoid pitfalls and make a few suggestions that will help make your business more attractive.
If you want a hand feel free to PM me
for the avoidance of doubt I'm not offering you any form of "service"
In line with your comment above, I am not defending RTA or promoting them but feel it is useful to supply a balanced view.
They do, as do many other companies, provide a low cost way to promote businesses for sale. They do not help with the sale process because it is simply uneconomic to do so. Selling a business is fraught with challenges and it has to be worth their while to help with the transaction. The costs they would have to charge simply won't be paid by the owners of most smaller businesses. Additionally, smaller businesses are disproportionally more difficult to sell than larger ones. Ultimately (but generally) you get what you pay for in terms of help to sell a business.
They do, as do many other companies, provide a low cost way to promote businesses for sale. They do not help with the sale process because it is simply uneconomic to do so. Selling a business is fraught with challenges and it has to be worth their while to help with the transaction. The costs they would have to charge simply won't be paid by the owners of most smaller businesses. Additionally, smaller businesses are disproportionally more difficult to sell than larger ones. Ultimately (but generally) you get what you pay for in terms of help to sell a business.
I have some experience of RTA as a buyer of small businesses. I found a business on their site, contacted them and they were helpful in the negotiations and everything went through smoothly.
I then contacted then about another business and they eventually came back and told me that the last entry on their file was several years old.
I found another business I was interested in and asked them to arrange a meeting. After much messing about I was finally put in touch with the vendor who told me his business was not for sale any more after he had heard nothing from RTA for a couple of years. He didn't have much positive to say about them.
I have had worse experience with another big name in the same industry.
If my experience is anything to go by then, as a buyer they may be okay to deal with but as a seller you shouldn't expect a great deal of pro-activity on your behalf. Some of the asking prices they make up are just comedy gold.
I then contacted then about another business and they eventually came back and told me that the last entry on their file was several years old.
I found another business I was interested in and asked them to arrange a meeting. After much messing about I was finally put in touch with the vendor who told me his business was not for sale any more after he had heard nothing from RTA for a couple of years. He didn't have much positive to say about them.
I have had worse experience with another big name in the same industry.
If my experience is anything to go by then, as a buyer they may be okay to deal with but as a seller you shouldn't expect a great deal of pro-activity on your behalf. Some of the asking prices they make up are just comedy gold.
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