NEWSLETTER ISSUE 31
BizNews: Your Monthly Refresher for Buying and Selling of Business in India
Small Business in Delhi Sold in 3 weeks !!!
Last month, at IndiaBizForSale.com, a running business from Delhi got sold in three weeks. This franchise restaurant business was started less than a year ago in a busy residential area. We studied the reasons why this business found a serious buyer through IndiaBizForSale.com very quickly.
The reasons from Sellers perspective:
- Key details in the listing (i.e. real picture of the business, daily turnover of the business during weekday and weekends, leasing fees, employee size, the challenges of the business (just started))
- Asking price included the franchise fees, rental deposits and all fittings and fixtures and it was priced just perfectly for someone to get the return of investment within first two years.
- The seller was prompt and diligent when he received the inquiry for this business from buyers.
The buyer searched a small restaurant business for sale in India and landed at IndiaBizForSale.com, meaning buyer knew what he was looking for(budget range, industry and location) and he was serious about it, as soon as he found this business, he contacted the seller through the system and arranged to meet the seller and in two meetings decided to acquire the business.
We also noticed that buyer appreciated the pricing quoted by this Seller and he paid the same (without much negotiation on pricing).
Key takeaways to sell business fast, be genuine and provided all key details about your business (no identity/contact details) in the listing, be realistic about the asking price, respond promptly.