Selling a business... where to start?
My uncle in Winnipeg is looking at selling his business and (finally) retiring at 77. The business is profitable, has a long history (it's older than I am, and I'm 30) and a well developed customer base, with all the accounts payable at $0. He'd like to grow the business, but he also feels he's too old to go into the shop every day.
He's asked me to help him find a buyer since he doesn't know where to even begin and isn't very internet savvy. I've found a few sites that are basically like a 'Kijiji for selling a business', but I figured with the diverse crowd we have on here, someone would have information they wouldn't mind sharing.
Ideally, the business would be sold outright, though he is willing to entertain an investor who would want to grow the business. A 'managing partner' of sorts.
Any ideas on how to start prospecting for a buyer for something like this?
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-James
GO FLAMES GO.
Quote:
Originally Posted by Azure
Typical dumb take.
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