CNN Money put out a great Q&A article a couple of weeks ago: How to sell a million dollar business. If you are planning or hoping to sell your 1-2 million dollar small business in the next 2-3 years, save this to your favorites. Highlighted topics include:
- A business broker can be your best ally in selling a business of that size
- Questions to ask a business broker
- Business broker fee and service expectations
Due to the overwhelming importance of the sale of a small business, conducting an independent business valuation is of utmost important in the first step to selling: setting the price right. Most quality brokers should be able to assist you in preparing for a third-party valuation, serving as a conduit.