how to sell a business? - United Bimmer Community

**Spieluhr** · 02-07-2006, 11:10 PM

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?

**komodo** · 02-07-2006, 11:12 PM

Sign it over to me and I'll advise you.

Actually I think e_andres does a bit of that, not sure though... I could be thinking of someone else. Maybe he'll see this thread.

witeshark · 02-07-2006, 11:23 PM

Since it's a cafe, I'd think E bay less - cause it's location sensitive

**Spieluhr** · 02-07-2006, 11:23 PM

craigslist?

**xsperf** · 02-07-2006, 11:25 PM

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

witeshark · 02-07-2006, 11:25 PM

That's a good idea I think

**Spieluhr** · 02-07-2006, 11:27 PM

lol, changind directions would be nice because we have learned alot, but it is currently costing far too much money to own and operate, would really like to just leave it in the past.

**jms** · 02-08-2006, 11:33 AM

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.

**c1apton** · 02-08-2006, 12:38 PM

You can always use Forbes Mag or the Wall Street Journal for both euipment and location. Use publication that are focused on people wanting business opportunities.

**komodo** · 02-08-2006, 12:40 PM

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.

**jms** · 02-08-2006, 01:38 PM

and if you have more than 1 location transfer the equipment to another location and get rid of the building.

**Spieluhr** · 02-08-2006, 09:22 PM

the thing about financial records is that we are so new, we havent had enough time to properly develop. only been open like 1.5-2 months.

**komodo** · 02-08-2006, 09:59 PM

Quote:

Originally Posted by Spieluhr

the thing about financial records is that we are so new, we havent had enough time to properly develop. only been open like 1.5-2 months.

Then how do you know you just aren't marketing correctly? The business might still have potential after all. Give it a chance.

**Spieluhr** · 02-08-2006, 10:05 PM

^^^
that chance costs too much money, and I honestly think the store is too elegant for a working class type town.

**komodo** · 02-08-2006, 10:11 PM

Quote:

Originally Posted by Spieluhr

^^^
that chance costs too much money, and I honestly think the store is too elegant for a working class type town.

So convert the town. Build an empire around it and turn your working-class town into a booming metropolis.

I guarantee at that point, your cafe will be successful.