Chicago, IL, June 28, 2017 --(PR.com
)-- Chicago's OnPace Franchising announced their For Sale By Owner (FSBO) service today.
Business owners open their businesses to make money through cash flow and capital gains. One of the best ways to make money with any business is to sell it for a profit. However, you only get one chance to sell your business, so it is important to do it right.
More and more business owners are putting up their business as FSBO, because they save on broker commissions. The growth of the internet also helps makes putting your business up as FSBO a lot easier.
"Listing your business for sale by owner
can be a great way to maximize profits, if you go about correctly. However, selling your business on your own can also end up costing you a great deal of money, too. Our goal is to help sellers maximize their profits no matter how they decide to list their business for sale," says Jon Pace, President of OnPace Franchising.
Pace, whose firm works as business brokers and franchise consultants, also manages a Chicago area accounting firm, Swartz & Reeder Advisors. The two firms work together to offer this FSBO program to small business owners, because it is good for everyone involved.
"My parents had a small printing business my whole life and they sold it a few years back. Their experience was tough to watch and highlighted a problem that I wanted to solve," Pace stated during a recent seminar for young professionals.
Pace's parents did successfully sell their business, but there were a lot of lessons learned and hardships along the way. "My parents worked their whole lives building their business to leave to us kids, so it was hard seeing them struggle during the sales process," Pace added.
There is a lot that goes into successfully selling a business, including but not limited to:
Determining asking price.
Discreetly marketing the business opportunity.
Fielding general inquiries about the business.
Negotiating the sale of the business.
Closing the sale.
OnPace Franchising's FSBO special helps business owners by:
Providing a proper third party business valuation.
Creating a professional listing on the major business-for-sale sites.
Creating and distributing press releases.
Launching social media campaigns.
Distributing newsletters to their network of investors.
Free Consultations with professional business brokers.
The OnPace business FSBO program involves a one-time fee that is a fraction of the cost of full business broker representation. Call the business advisors at OnPace Franchising anytime for an obligation-free consultation at (312) 436-2748.
OnPace Franchising also offers complete business broker services, which are commission-based for sellers that need or want expert help through every step of the business sale process. Commissions are agreed to upfront and will be split with business brokers that help secure a buyer.