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how to sell a business?
hey, family is in coffee business, and we recently tried our first sit-down style cafe. well, it hasnt worked out as well as we would have hoped, to be honest, the cafe is too nice for the area. So we are selling the cafe, not the entire coffee business, just the cafe
so, we have already listed it with a broker, and i thought of putting it on ebay. do these ideas work well? what other ways can we try to sell it?
well, heres the way i see it, if its too nice for the area and it failed, why would someone buy it? i would say change do something else with it, possibly rent it b/c who knows if you will be able to get a good buyer
lol, make it a mcdonalds, and assuming what you said about "bad area," "those people" love mcdonalds.. just as long as it has some fried chicken, slim jims, and 24" rims
Originally Posted by c1apton
I keep forgetting that - I have a great memory but it doesn't last long
If you are getting rid of the building a real estate agent is the best call, if you are trying to sell the business equipment, ebay should do. And if you are trying to sell the location, equipment etc.. as a turnkey, you are on your own.
Also keep in mind if you do try to sell it as-is, the new buyer will want to see your financial records, and if it shows you currently losing money, it'd be more difficult to sell... so if it truely is the wrong area, maybe it'd be best to sell all the equipment and sell the real estate alone, not as a cafe.