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How it Works for Sellers

So, you might want to sell your business?

The Biz.for.Sale concept aims to create a marketplace where sellers can provide details of businesses for sale in an environment where confidentiality is assured and the widest possible national market can access the information offered.

We provide users with simple search tools with which they can filter through the businesses on offer in order to closely match their requirements to your listing.

 
  Confidentiality  

The nature of releasing information on the proposed sale of your company across the internet raises the possibility that your staff, creditors and customers could all react negatively to the information. It is therefore in the interests of all concerned to conceal your identity until such time as you decide to approach a prospective buyer.

When completing the form "Submit for Listing" you will be able to specify the level of confidentiality that you require and we will use that to determine what information is released. The implications of the choice are explained on the form.

The Biz.for.Sale databases will also hold information on the method of contact that you have chosen and will direct enquiries accordingly. There are three main methods of contact:

  • By direct e-mail.
    You provide us with an e-mail address and our server will mail the visitors query directly to you. This e-mail can be be aliased through a second mail server to further protect your identity.
  • By fax.
    The e-mail enquiry filled by the visitor is received by ourselves in our offices. We then lookup your faxing instructions and fax the printed e-mail enquiry directly to you.
  • By (snail) mail.
    We receive the e-mail enquiry, print it out, and then mail it to a specified person at a specified postal address.
In all the above cases, it is your decision as to whether you contact the prospective buyer or not. Should you wish to conduct a short but anonymous correspondence then we can also assist in this regard.

 
  Costs  

All sellers are required to agree to pay a commission to Biz.for.Sale at the conclusion of a sale which results from an introduction which originated from the Biz.for.Sale website. This commission is based up a sliding scale which varies from 3% for sales under R 100 000 to as little as 0,75% for sales over R 1 500 000.

After submitting the details of the business being offered for sale you will be presented with an on-screen contract which you are required to print to your printer. You then need to sign the contract, have it duly witnessed and mail it to Biz.for.Sale. On receipt of the signed contract, we will release your database entry your "Business for Sale" listing will be visible to website visitors.

Should you be in a rush to have your listing published then you may fax the signed agreement through to us and we will publish the listing immediately on the understanding that the original signed agreement is en route to us in the mail.

You may inspect a copy of the Commission Agreement here.! Please contact us directly if you require an amendment to any of the terms.

Please note that listings will only be activated on our receipt of the agreement or bona fide evidence that the agreement has been signed.  


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