When selling a business it is important to be aware of all of the costs involved ie solicitor fees, accountant fees, any accounts payable, payment of any outstanding loans, leases, contracts and bringing the business for sale up to speed with refurbishments and repairs. These are just to name a few. Many people are opting sell their businesses privately with the help of news paper classifieds and more importantly online business for sale websites. Selling privately eliminates a broker fee of 5% to 8% in commissions which may save you thousands at the end of the day. For more information and in-depth articles please visit http://www.business-trader.com.au
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