RightBizBuy.com: F.A.Q. and Knowledgebase

Why use a broker?

What size companies do you represent?

What areas of business do you cover?

What do you charge?

Can your company assist with funding?

What information do you need from me?

How do you value a company?

What are the tax implications when selling?

Are you a franchise?

How do we get started?

Q: How much does it cost to list a business for sale?

A: Company / Business Owners.
FREE for a two month standard listing.
E49.95 for a two month featured listing.
If you’re a company or business owner looking to sell a business directly via RightBizBuy.com or you’re looking for a broker or business valuation, we can help! Email or call us for further information.

Q: Do I have to pay to register as a buyer?

A: It’s free to register as a Standard Buyer. However, Premium Buyers pay a small fee for extra benefits that include email alerts of new businesses of potential interest to them.

Q: How do I get more information about a Business For Sale?

A: If you want further information about a business for sale you must contact us via email, listing the reference number or by calling our helpline during normal office hours.

Rightbizbuy.com will obtain further information on your behalf for businesses that we have listed for sale on our site. We can act as a broker or an intermediary if you require us to do so, contact us for further information.

You can register as a ‘Buyer’ by clicking here, this will take you through to a registration page.

If you’re already registered, simply sign into your account with your username and password and complete the ‘Further Information’ request form online.

Q: How do I update my account details?

A: Log in using your username and password. Once you are signed in click on 'Edit' and amend the appropriate details.

Q: What advantages do you have over your competition?

A: Here at RightBizBuy we offer not only a comprehensive business buy/sell listing system, but we can if requested act as your broker and provide you with a professional business valuation report. So whether you are buying or selling we are your 'one stop shop'.

Q: What are the different factors involved in selling my company?

A: It is important to establish total confidentiality from the start and to only inform the minimum number of people. Obviously your accountant and business broker but definitely not your staff, customers, suppliers and competition.

Q: Can you offer advice to me as a buyer?

A: Our main role is to the Vendor, but we can offer you a professional 'Business Valuation Report', which will assist you if you need to obtain finance and we can also put you in touch with advisory firms.

Q: How long does it take to sell?

A: The complete sales process is probably longer than you would wish, allowing between six to twelve months is not uncommon, taking into account meetings, offers, financial due diligence and legals.

Q: I am looking to sell within the next five years, when should I contact you?

A: It is never too early to start the planning process, we can help assist in the grooming process sometimes years before you are ready to market your company.

Q: Why use a broker?

A: With our experience and buyer contacts throughout many industry sectors we feel we can offer you a more professional service, to leave you valuable time to concentrate on running your company. Some people do try to sell their company themselves, but this often leads to wasted time and resources.

Q: What size companies do you represent?

A: Our typical SME company would have a value of between £250k and £10million, but we can represent any size company, each and every client is treated with the same confidentiality and professionalism.

Q: What areas of business do you cover?

A: We cover all sectors of business with coverage throughout the UK and Ireland as well as the USA and Europe.

Q: What do you charge?

A: We do not act in the same way as a consultancy charging by the hour. We are a result-based business and charge a standard brokerage scale-reducing fee based upon the final sale price obtained. We do charge a fee for our professional 'Business Valuation Reports' and also charge a small fee, if you wish to list your company for sale on our website, however if you appoint us as your broker this fee is waived.

Q: Can your company assist with funding?

A: RightBizBuy do not lend direct, however we have available independent funding companies to assist in your purchase.

Q: What information do you need from me?

A: Initially we will require your latest financials, business plan, any company literature and product information you may have. We will also arrange for a face to face meeting to get a feel for you and your business, the meeting will be free of charge and on a no obligation consultation basis.

Q: How do you value a company?

A: There are a number of factors to take into account when valuing a company, these include: the recent, current and forecast profits. The cashflow of the company and its current market position and strengths. The most common calculations used would be:
1) Price/Earnings (p/e) ratio
2) Earnings Before Interest and Tax (EBIT)
3) Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA).

Q: What are the tax implications when selling?

A: Recent taper relief helps the sale process and the key issue is trying to ensure as much money is retained free of tax. It is not always the amount you initially get, but what you get to keep net of tax.

Q: Are you a franchise?

A: No, RightBizBuy is an independent company but we do have excellent contacts within the accounting, banking and legal sectors.

Q: How do we get started?

A: You can register direct online and then log in to the members area. Here you can upload your Business For Sale details free of charge. Or if you prefer, send us an email outlining your requests, we will then arrange for an informal meeting on or off premises. At all times we will conduct total discretion and confidentiality is guaranteed, there will be no charge for the initial meeting. We work on a No Sale - No Fee basis.