Business Telegraph

.
The Times Real Estate

.

How to improve your chances of selling or buying a business

  • Written by Zoran Sarabaca of Xcllusive Business Sales


Our report reveals a surprising business buyer behaviour.


Understanding Business Buyers’ Purchasing Behaviours

Whether you are selling a business, looking to buy a business or you are a business broker, it is essential to understand buyers’ purchasing behaviours.

You may think that the more businesses you look at to buy, the more likely you are to get the best business at the best price. However, Zoran Sarabaca, Founder of Xcllusive Business Sales, says that is not always the case.

Our research shows that nearly half of all business buyers only look at one business before making a decision. There’s a couple of reasons for this: many of these buyers are industry buyers that we approach directly when we have a business for sale within their industry.

The other half know exactly what they are looking for and when they see it, they buy it.”

Research by Xcllusive Business Sales shows that 22.7% look at 2-5 businesses before buying, 11.4% look at 6-10, 11.4% look at 11-15 and 9.1% look at 15 or more businesses before buying.

The more businesses you look at, the less chance you have of actually buying,” said Zoran.

You get paralysed by all the data searching for the perfect business and end up with nothing. If that describes you, take some time to pause and think about what you really want and list your criteria. Then just look at those businesses that meet your criteria.

You also need to be ready to move quickly so have your finances ready to go. Good businesses sell quickly to those buyers who know exactly what they want and only look at one business before buying.”

Zoran explained that looking at multiple businesses gives the impression you are a ‘tyre-kicker’ and brokers may not take you seriously and you may not get their full attention.

To the business seller, he says: Don’t just rely on one way of marketing your business. If you do that, you are only reaching about a third of the market. That applies to all sizes of business.

Find a business broker who will not only actively market your business but also take it directly to industry buyers. Marketed well, the best businesses will always sell at the best price.”

For more information contact Zoran Sarabaca of Xcllusive Business Sales on 02-9871-3331 or 0410-654-114

Entrepreneurs & Leaders

Global Content Delivery with Headless CMS and Edge Networks

As the world gets more interconnected every day, businesses with international audiences now demand rapid, consistent...

How Commercial Security Systems Are Helping Sydney Businesses Reduce Insurance Costs

Running a business in Sydney isn’t cheap, from rising rent prices to staffing costs and everything in between, it’s no...

Blocked Drains Sydney: What Every Property Manager Should Know (Before It’s Too Late)

Let’s be honest—blocked drains aren’t the kind of thing anyone wants to deal with. But if you’re managing a property, ...

Design Without Designers: How AI Tools Build Visually Stunning Landing Pages

Before now, the average person would have to hire a designer, spend hours, and sometimes even require an entire creati...

Argent Biopharma (ASX:RGT) Lands European Approval — Market Reaction Begins

Most investors scroll past microcap biotech stocks, assuming they’re years away from anything real. But Argent Biophar...

SMTP Error 451: Temporary Local Problem But Is It Yours or Theirs?

SMTP error 451 is one of those frustrating mistakes that exist in a fuzzy realm between sender and receiver responsibi...

How Headless CMS Improves A/B Testing Capabilities for Content Optimization

A/B testing is one of the best ways to boost content engagement, increase conversion rates, and improve user experience...

A Clean Car Park Equals Happy Customers: The Impact of Professional Sweeping

First impressions matter, and a clean car park can enhance customer experience. Discover how regular sweeping services h...

Authenticity in Marketing: Why It Matters More Than Ever for Businesses

(featured image) Marketing has always been connecting with people, but let’s be honest—consumers are more sceptical tha...