What Business Owners Want When They Sell Their Business
Most New Zealand business owners heading into a sale have remarkably similar goals and expectations and having walked that same path myself. I get it. I’ve owned businesses, sold them, and helped others do the same. I know firsthand what matters when it’s your name above the door.
At the core of it, we want a sale price that reflects all the effort, risk, and sacrifice we’ve poured into the business. Not just the financials, but the early mornings, the late nights, the missed holidays, and the sheer emotional investment. If there's a premium on the goodwill or a performance-based bonus thrown in, even better.
But once we’ve made the call to sell, we want it done. Now.
Not months from now. Now.
Today, if possible. Tomorrow at the latest.
Whether it’s burnout, retirement, or just time for a new chapter, most sellers reach a point where they’re ready to move on, quickly, cleanly, and with as little fuss and as much value as possible.
We also want the process to be discreet. We don't want to rattle the staff, spook the clients, or have the market speculating. A whisper of a sale can lead to doubt, hesitation, or even defections, from employees, customers, and suppliers. And no seller wants to watch their business performance dip just because word got out too soon.
If we had it our way, the ideal scenario would be a premium price, a fast turnaround, and complete confidentiality, with only the buyer ever knowing the business was even on the market.
How do you do this? - I know how.
Just ask me - It’s what I do.
About the Author
Peter Nola
Peter Nola is an award-winning business broker and seasoned marketing strategist who has led major brand campaigns, built and sold his own company, and earned a reputation for guiding business owners through high-value, successful exits with clarity and confidence.
Video Resources
A case study showing how I sold a business from preparation, marketing and buyer qualifying to a successful sale. This is just 1 of the systems I can use to successfully sell your business.
This is how I sold a business without using the name, location, products or any other details of the business. Its a perfect example of how to sell a secret business.
These are the only 2 reasons a business doesn't sell. That's it. Nothing else. If you want to sell your business, you need to know these 2 reasons.
Good Reasons to Ask Me to Sell Your Business.
6
1
Accurate Market Knowledge
Many business owners do not have a realistic idea of the value of their business. In some cases, they under value and in other cases over value their business. I have been a broker for almost 20 years and have a deep knowledge of business types and values and that backed with current market statistics, will give you an accurate appraisal of value.
2
Effective Negotiation
Purchase price is just one component of an offer. Deal terms significantly impact the attractiveness of a proposal. Is the buyer seeking seller financing or a performance-based earnout? Are you required to stay on for a lengthy transition? I will help you navigate terms, make informed decisions, and communicate effectively with the parties involved. I will also help the parties keep emotions to a minimum and stay focused on a beneficial outcome.
3
Creating Value in the Transaction
I was contacted by a business owner after they had unsuccessfully tried to sell their business to another party. They had been very frustrated by the whole process, and worst of all, there was no sale.
Selling a business is a complicated process that requires specific expertise as well as the ability for the broker to solve problems in a practical, yet creative manner.
Back to the business owner who contacted me. I got together with the business owner and we discussed their issues and concerns. I then obtained an authority to sell and went to work. I contacted the buyer, listened to their needs and developed an action plan tailored to meet the requirements of both buyer and seller.
An understanding of each sides needs and wants in the transaction, good communication and then managing the process in a controlled manner, enabled both parties to get the outcome that they desired. Both agreed that without the “man in the middle” there would not have been a sale.
My role as a broker is that of a partner, a partner with a vested interest in getting both buyers and sellers the best result possible and managing the complete process so that both are rewarded is a definite art.
4
Maintain Confidentiality and Your Reputation
A sales process requires disclosure of confidential information to multiple parties. I can approach buyers, even competitors, with a “blind teaser,” followed by a non-disclosure agreement (NDA) before any information is exchanged. I act as an intermediary between you and the buyer, to help prevent crucial information being leaked out to competitors, suppliers, employees, or customers as this can possibly impact the company’s competitive advantage, management structure, profitability and so much more.
5
Take the Stress Out of the Process
Selling a business is a full-time job and the demands can add stress to an owner. I will help with preparing the sale, collation of relevant documentation, promoting and marketing the business, vetting buyers, and negotiating the terms. I will meet with buyers, respond to information requests and take on the day-to-day stress of the sale, allowing you to get on with running your business without interruption.
6
The Right Buyers
Potential buyers for your business may be wide and diverse, from individual entrepreneurs to strategic acquirers, private equity firms, and investors. There are pros and cons to each. I have a robust buyer network, as well as resources to reach additional candidates, so the right parties are reached, I then screen buyers to ensure they have the financial wherewithal to acquire your business.
Backed By the Best
Success in business sales is never a solo effort, it’s powered by a team
At ABC, I’m supported by a group of exceptional professionals across marketing, administration, and client services who ensure every detail of your campaign runs seamlessly.
With their expertise behind the scenes, I can focus entirely on achieving the best possible result for you.
Legal
There are several legal documents involved in a business sale transaction, including an NDA, Letter of Intent (LOI), Heads of Agreement (HOA) and Sale and Purchase Agreement. While it certainly makes sense to engage a lawyer during this process, my in-house lawyer and I can help defray legal costs by initially drafting the documents required and including terms and conditions relative to your situation. Leveraging this resource, while engaging your lawyer for final document review, can be an effective division of labour and mitigate costs.
Production and Design
My production and design team will produce quality marketing materials, adverts for social media and website copy, including a “teaser” summary and comprehensive overview, commonly called an IM or Profile of the business. This will be a great aid to attracting the best buyer candidates and weed out the unsuitable ones.
Marketing
My marketing team will promote your business to our database over 100,000 registered buyers. They will also provide access to major websites, a range of social media and other media publications for the period required to sell the business, together with a programme to ensure the business advertisements are refreshed regularly to both the database, social media and the websites. Good marketing will go a long way to ensuring that the sale of the business and brand you have built up over time is fast, effective and profitable.
Systems and Processes
My team and I are backed by a proven set of systems and processes that successfully aid me to sell your business. These systems and processes will keep you informed every step of the way to a successful sale.